Heartland Dental | New Abs NNN Lease
New 12-Year Abs NNN Lease | Dallas -Fort Worth MSA
Marketing description
Rare 12-year absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S. with more than 1,800 supported dental offices.
12-year primary lease term with 10% rental increases every five years and an additional 10% increase in Year 11, with the next increase in the start of the option period (Year 13).
Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management.
Heartland Dental added 31 new practices via affiliation across 14 states in 2024, expanding their network through existing practices joining the Heartland system.
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.
Heartland Dental aims to add over 130 new practices through de novo offices and affiliations in 2025, continuing its aggressive expansion strategy.
Investment highlights
- Excellent Dental Practice Location: Highly visible and easily accessible location near the signalized intersection of Oak Grove Lane and East University Drive, which experiences a combined traffic count of over 58,000 vehicles per day.
- 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.
- Ideal Demographic Base: The five-mile radius serves a populous region of 124,422, with an average annual household income of $152,464.
- The Grove: Located outparcel to The Grove, a brand-new 312-unit community located at the intersection of U.S. Routes 380 & 720, offering both one- and two-bedroom apartment homes.
- Master-Planned Communities: Located at the midpoint between two master-planned communities, two miles south of Providence Village (10,100 residents) and three miles north of Oak Point (6,826 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 Cross Roads for steady concurrent growth.
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