Dental NNN Investment in Merritt Island

$3,745,000
For sale
14668 Property ID
14,138 SqFt Size

Description

This Merritt Island dental NNN investment features a single-tenant, Class A medical office property in Merritt Island, Florida, secured by a long-term absolute triple-net lease. The asset offers stable, passive income supported by a corporate-guaranteed lease and a nationally established dental support organization.

The property is improved with a recently renovated, two-story medical building designed to support modern dental operations. Its expansive footprint allows for flexible use, including the ability for the tenant to sublease additional medical or office space, further strengthening tenant performance and long-term occupancy stability.

With a new 15-year lease term and annual rent escalations, this investment provides predictable income growth and long-term security. The essential nature of dental services adds resilience across economic cycles, making the property well-suited for investors seeking durable cash flow in a high-quality Florida market.

Investment Highlights

• Brand-new 15-year absolute NNN lease with a national dental support organization
• Zero landlord responsibilities under an absolute net lease structure
• Attractive 2.5% annual rent increases throughout the base term and options
• Essential-use medical tenant with strong economic resilience
• Established dental organization with more than 30 locations nationwide
• ±14,138 SF two-story medical building situated on nearly one acre
• Flexible building design supporting potential medical or office subleasing
• Recently replaced HVAC systems ensuring efficient long-term performance
• Potential tax advantages through accelerated depreciation strategies

Location Highlights

• Strategically located near a major expressway connecting Merritt Island to regional employment and beach destinations
• Strong daily traffic volumes along primary commercial and medical corridors
• Surrounded by national retailers, service providers, and established medical users
• Proximity to schools, government facilities, and multiple healthcare complexes
• Dense residential base with condominiums and single-family neighborhoods
• Affluent community with average household incomes exceeding $100,000
• Short drive to well-known Atlantic coast beach communities
• Close proximity to major aerospace and technology employment centers

Address

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Overview

  • Property ID 14668
  • Price $3,745,000
  • Property Type , ,
  • Property status
  • Year Built 1987
  • Size 14,138 SqFt
  • Sub Type Medical Office
  • Investment Type Net Lease
  • Investment Sub Type NNN Medical
  • Class A
  • Lease Type Absolute NNN
  • Tenant Credit Corporate Guarantee
  • Tenancy Single
  • Brand/Tenant Aspen Dental, Heartland Dental, MSH Dental
  • Lease Term 15 years
  • Lease Commencement 08/19/2025
  • Lease Expiration 08/18/2040
  • Remaining Term 14.6 years
  • Price per SqFt $264.89
  • Cap Rate 6.15%
  • Occupancy 100%
  • NOI $230,317
  • Units 1
  • Year Renovated 2025
  • Buildings 1
  • Stories 2
  • Lot Size (acres) 0.97
  • Parking (spaces) 49
  • Rent Bumps 2.5% Annual
  • Broker Co-Op Yes
  • Lease Options 2x 5 Year
  • Ground Lease No
  • Ownership Fee Simple

Contact

Zena Bardawell Farah

Property Agent

+1 305-967-7200
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