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Heartland Dental 9749 Commercial Way 3,544 SF Office Building Weeki Wachee, FL 34613 $3,491,271 CAD ($985.12 CAD/SF) 5.15% Cap Rate



Investment Highlights
- Brand-new 10-year absolute NNN lease featuring 10% rental increases every 5 years
- Adjacent to Publix-anchored shopping center
- Large 1.10 acre lot
- Lease signed by tenant’s corporate entity – Heartland Dental, LLC
- Zero landlord maintenance or expense obligations
- Heartland Dental’s 2024 revenue, reported to be in excess of $3B, makes it the largest dental support organization in the U.S.
Executive Summary
A corporate Heartland Dental on a brand-new 10-year absolute NNN lease featuring 10% rental increases every 5 years and four, 5-year extension options. The subject property is adjacent to the Shoppes at Glen Lakes – a 70,000+ SF Publix-anchored shopping center with major national tenants including Anytime Fitness, Walgreens, and Dunkin’.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,544 SF
Building Class
B
Year Built
2020
Price
$3,491,271 CAD
Price Per SF
$985.12 CAD
Cap Rate
5.15%
NOI
$179,769 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,544 SF
Building FAR
0.07
Lot Size
1.14 AC
Property Taxes
| Parcel Number | R13-222-17-3481-0000-0020 | Improvements Assessment | $691,193 CAD |
| Land Assessment | $494,751 CAD | Total Assessment | $1,185,944 CAD |
Property Taxes
Parcel Number
R13-222-17-3481-0000-0020
Land Assessment
$494,751 CAD
Improvements Assessment
$691,193 CAD
Total Assessment
$1,185,944 CAD
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Heartland Dental | 9749 Commercial Way
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