Listed by SRS Real Estate Partners Tampa
$3,969,000
Heartland Dental - Tampa (Weeki Wachee) FL
Details
APN R13-222-17-1871-0000-0050
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,050
Cap Rate 5%
NOI $198,450
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 09/30/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Class A
Year Built 2026
Acreage 0.800
Zoning Planned Unit Development
Parking Spaces 27 spaces
Parking per 1,000 SqFt 6.67
Investment Type Net Lease
Lease Commencement 10/01/2026
Ground Lease No
Ownership Fee Simple
Single Tenant Medical Office Absolute NNN Investment Opportunity
Marketing description
• The tenant recently signed a brand new 12-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Heartland Dental continues to expand its Southeast footprint, highlighted by its 2025 Smile Design Dentistry transaction, which added 60 supported practices across Florida and brought Heartland’s network to more than 3,100 doctors and 1,900 locations nationwide
Investment highlights
- New 12-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Off Signalized, Hard Corner Intersection | Surrounding Residential | Part of GlenLakes Commons | Direct Consumer Base
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$198,450.00
$16,537.50/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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