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9749 Commercial Way
Weeki Wachee, FL 34613
Heartland Dental · Office Property For Sale
Investment Highlights
- Newly casted 10-year absolute NNN lease with a proven office, demonstrating long-term commitment to the site
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Heartland’s supported network delivered more than $4.2 billion in total annual revenue, underscoring its scale and influence in the U.S. dental indust
- 10% rental increases every five years in initial term and four (4) option periods of five years each, providing a long-term income generator
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
- Highly visible and easily accessible location near the intersection of Commercial Way & Outer Banks Drive
Executive Summary
Ideal Heartland Dental Location: Highly visible and easily accessible location near the intersection of Commercial Way & Outer Banks Drive, with multiple points of ingress/egress to the property. U.S. Route 19: The site’s location along U.S. Route 19 allows the property to capture significant local and commuter traffic from Clearwater (117,000+ population). Reliable Tenancy: Heartland’s supported network delivered more than $4.2 billion in total annual revenue, underscoring its scale and influence in the
U.S. dental industry. Growing Demographic Base: 43,971 residents live within five miles of the property, marking a 21% increase since 2010. Shadow-Anchored: Shadow anchored by Publix Supermarket, allowing for ideal crossover business generation through high-traffic exposure. Major Housing Developments and Communities: Ideally located to service large communities, multiple housing tracts, and new developments directly southeast of U.S. Route 19, including Spring Hill (123,000+ residents), Highpoint (7,900+ residents) and Brookridge (4,800+ residents). Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Heartland Dental and Spring Hill for steady concurrent growth.
U.S. dental industry. Growing Demographic Base: 43,971 residents live within five miles of the property, marking a 21% increase since 2010. Shadow-Anchored: Shadow anchored by Publix Supermarket, allowing for ideal crossover business generation through high-traffic exposure. Major Housing Developments and Communities: Ideally located to service large communities, multiple housing tracts, and new developments directly southeast of U.S. Route 19, including Spring Hill (123,000+ residents), Highpoint (7,900+ residents) and Brookridge (4,800+ residents). Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Heartland Dental and Spring Hill for steady concurrent growth.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,544 SF
Building Class
B
Year Built
2020
Price
$2,496,000
Price Per SF
$704.29
Cap Rate
5.30%
NOI
$132,288
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,544 SF
Building FAR
0.07
Lot Size
1.14 AC
Property Taxes
| Parcel Number | R13-222-17-3481-0000-0020 | Improvements Assessment | $508,604 |
| Land Assessment | $364,055 | Total Assessment | $872,659 |
Property Taxes
Parcel Number
R13-222-17-3481-0000-0020
Land Assessment
$364,055
Improvements Assessment
$508,604
Total Assessment
$872,659
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