NNN Dental Investment in Land O’ Lakes
Description
This NNN Dental Investment is located in Land O’ Lakes, Florida and features a freestanding medical office leased to Heartland Dental under a corporate-signed absolute NNN lease. The asset offers investors stable, long-term income with scheduled rental increases and multiple extension options, all while eliminating landlord maintenance and expense responsibilities.
The property is positioned within an affluent, family-oriented Tampa-area submarket that naturally supports consistent dental demand. Strong household incomes in the immediate trade area reinforce long-term tenant performance and make the location highly desirable for healthcare-oriented retail and office use.
Sitting on a large parcel with ample parking, the building benefits from excellent accessibility and visibility within a growing commercial corridor. Combined with recent renovations and a well-established tenant, this opportunity delivers both income security and long-term appreciation potential in one of Florida’s fastest-growing regions.
Investment Highlights
- Brand-New Absolute NNN Lease: 10-year lease with zero landlord responsibilities
- Built-In Rent Growth: 10% rental increases every five years throughout the base term and options
- Corporate Lease Execution: Lease signed by Heartland Dental, LLC
- Strong Healthcare Tenant: Supported by a national dental organization with reported revenue exceeding $3B
- High-Income Trade Area: Average household incomes of approximately $128,000 within a three-mile radius
- Prime Retail Adjacency: Located near daily-need retail and food service drivers
- High-Growth Tampa Submarket: Strong population growth and sustained residential development
Address
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Address Land O' Lakes, FL
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Country United States
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Province/State Florida
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City/Town Land O' Lakes
Overview
- Property ID 14600
- Price $3,611,000
- Property Type Office, Retail
- Property status For sale
- Size 4,280 SqFt
- Sub Type Medical Office, Dental Office, Freestanding
- Investment Type Net Lease
- Lease Type Absolute NNN
- Tenancy Single
- Brand/Tenant Heartland Dental
- Lease Term 10 years
- Lease Expiration 02/28/2035
- Remaining Term 9.1 years
- Net Rentable (SqFt) 4,280
- Cap Rate 5.15%
- Occupancy 100%
- NOI $185,966
- Year Renovated 2019
- Buildings 1
- Stories 1
- Lot Size (acres) 4.38
- Parking (spaces) 30
- Rent Bumps 10% every 5 years
- Lease Options Four, 5-Year
