Heartland Dental - Lakeland, FL
Office | 6.50% CAP | 4,290 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,290-square-foot net leased medical asset located at 5170 Dave Robbins Way in Lakeland, Florida. The property is leased to Heartland Dental, LLC, the nation's largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2019 as a purpose-built dental facility, the property occupies a highly visible position along Bartow Road (US-98), which carries approximately 45,200 vehicles per day and serves as one of Southeast Lakeland's primary commercial corridors. The asset benefits from strong surrounding retail fundamentals, including nearby Publix, Verizon, IHOP, Advance Auto Parts, MidFlorida Credit Union, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 41 miles east of Tampa and 58 miles southwest of Orlando, Lakeland is one of the fastest-growing cities in Central Florida and serves as a major logistics, healthcare, and commercial hub along the I-4 corridor. Supported by sustained population growth, continued residential development, and a diverse employment base anchored by Publix Super Markets, Lakeland Regional Health, Amazon, and GEICO, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Florida's strongest growth markets.
Investment highlights
NATION'S LARGEST DENTAL SUPPORT ORGANIZATION - Heartland Dental supports more than 3,000 dentists across over 1,900 affiliated dental offices in 39 states and the District of Columbia, making it the largest DSO in the United States.
INDUSTRY-LEADING SCALE & MARKET POSITION - The company's extensive national footprint creates significant operating advantages, brand recognition, and access to best-in-class recruiting, technology, and administrative resources.
FLORIDA'S HIGH-GROWTH I-4 CORRIDOR - Lakeland is ideally positioned along the I-4 corridor between Tampa and Orlando, one of Florida's most active economic and population growth axes, attracting major distribution, healthcare, and service sector investment.
RAPID RESIDENTIAL EXPANSION - Lakeland's population has grown 11.2% since 2019, with projections supporting continued growth above 2% annually driving sustained demand for healthcare services.
PURPOSE-BUILT DENTAL FACILITY - The Property was purpose-built to Heartland Dental's operational specifications, providing a facility designed specifically for the demands of a full-service dental practice and reducing near-term capital expenditure risk for an incoming investor.
POLK COUNTY - ONE OF FLORIDA'S FASTEST-GROWING COUNTIES - Polk County consistently ranks among the fastest-growing counties in the state of Florida, driven by sustained in-migration from Tampa, Orlando, and other coastal markets as households seek affordability and quality of life along the I-4 corridor.
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