Heartland Dental | Fredericksburg, VA
5.25% CAP | Corporate Backed | Abs. NNN Lease
Marketing description
Atlantic Capital Partners has been exclusively engaged to offer for sale a Heartland Dental in Fredericksburg, VA, a newly delivered 4,200-square-foot Absolute NNN dental office located at 9641 Patriot Highway in Fredericksburg, Virginia.
The lease is backed by a full corporate guarantee from Heartland Dental - the largest dental support organization in the United States with over 1,800 supported locations and $3.2 billion in total revenue - and features zero landlord responsibilities, a 12-year term, and 10% rental increases at Year 6, Year 11, and throughout all option periods. Current annual rent of $210,000 reflects a newly constructed, purpose-built facility with transferable manufacturer warranties and no near-term capital exposure.
The property is positioned on Patriot Highway at 25,000 AADT within an established retail corridor on a Publix outparcel serving residents with an average household income of $130,525 within 5 miles. Fredericksburg sits midway between Washington DC and Richmond along the I-95 corridor and has been among the fastest-growing cities in Virginia for over a decade, providing Heartland Dental with a continuously expanding, affluent patient base in one of the most supply-constrained retail markets in the region.
Investment highlights
- EXCEPTIONAL IMMEDIATE AFFLUENCE | $130K AHHI WITHIN 5 MILES - Affluent trade area with average household income of $130K within 5 miles and $110K within 1 mile, supporting strong long-term patient demand.
- ESTABLISHED HIGH-TRAFFIC RETAIL NODE | 25,000 VPD ON PATRIOT HWY - Located at the signalized intersection of Patriot Highway (25,000 VPD) and Spotsylvania County Parkway (22,000 VPD) as an outparcel to Publix, and surrounded by Target, Publix, and Starbucks.
- GROWING FREDERICKSBURG MARKET | DC-RICHMOND CORRIDOR - Fredericksburg and Spotsylvania County continue to benefit from rapid growth along the I-95 corridor, with county population increasing more than 20% over the past decade.
- CORPORATE GUARANTEE | LARGEST DSO IN THE US - Backed by a full corporate guarantee from Heartland Dental, the nation's largest dental support organization with 1,800+ locations, $3.2 billion in revenue, and sponsorship from KKR.
- BRAND NEW 2026 CONSTRUCTION | STRUCTURED RENT GROWTH - Brand-new 2026 construction with a fresh 12-year lease term, no deferred maintenance, and 10% rent increases in Years 6 and 11 and throughout all options.
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES - Absolute NNN lease with zero landlord responsibilities, providing a truly passive investment and one of the cleanest ownership structures in net lease real estate.
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