Heartland Dental | Davenport, FL
New Abs NNN Corporate Lease | 72,000 Vehicles Per Day
Marketing description
Rare 12-year absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S. with more than 1,900 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 165 new practices to its network in 2025: 75 new de novo (built-from-scratch) practices, 33 practices through strategic affiliations, and 60 practices via the acquisition of Smile Design Dentistry.
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.
Investment highlights
Excellent Dental Practice Location: Highly visible and easily accessible location near the four-way intersection of U.S. Route 27 & Holly Hill Fruit Road, which experiences a combined traffic count of 72,000+ VPD.
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.
Excellent Demographic Base: 80,724 residents live within five miles of the property, marking an explosive 153% increase since 2010.
AdventHealth Heart of Florida: Located directly across from AdventHealth Heart of Florida, one of Davenport’s largest employers (202 beds, apprx. 1,000 employees).
Location Along Major Thoroughfare: The site’s location directly along U.S. Route 27 (main North / South FL arterial) allows the property to capture significant Disney World traffic (one of the most visited attractions globally with 58 million visitors), along with local and commuter traffic from Orlando (metro area population of 2,940,000+) and Fort Myers (100,000 population).
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 Davenport for steady concurrent growth.
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