Heartland Dental | Tampa, FL MSA
5.15% CAP | New Construction - Abs. NNN Corp. Lease
Investment highlights
ABS. NNN LEASE STRUCTURE
One of the first Abs. NNN Heartland Dental lease formats
Zero landlord Responsibilities
12 Year lease with four (4) five (5) year extensions
10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
Heartland Dental is the largest dental support organization in the United States
Over 1,800 Locations
2024 Total Revenue was over $3B
HIGH GROWTH & INCOME TRADE AREA
Over 524 apartment units have delivered in the past 3 years, with another 320 under construction
Average household income within a 1 mile radius exceeds $200K
Affluent demographics drive strong patient bases for Heartland Dental with more than 80K people within a 5-mile radius
RAPIDLY EXPANDING MARKET
Bradenton–Lakewood Ranch area ranked among the top 5 fastest growing master-planned communities in the U.S.
Population growth exceeds 3% annually
Expanding residential base drives continued healthcare demand
NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR
The building has recently been built to the tenant’s newest prototype
Site is positioned off of busy SR 64 E (35K VPD)
TOURISM IN HIGH GROWTH ST. PETERSBURG MSA
Tampa–St. Petersburg–Clearwater welcomed 26M+ visitors in 2023
Sarasota–Bradenton region adds another 3.5M annual visitors
Combined tourism spend exceeds $7B annually
Creates powerful tailwinds for retail, QSR, and healthcare demand
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