St. Johns Dental Office Investment
Description
This dental office investment in St. Johns, FL offers a corporate-guaranteed Absolute NNN lease, long-term cash flow, and strong rent growth in a high-demand, rapidly expanding market.
Lease Type: Absolute NNN, 12-year primary term with four 5-year renewal options
Tenant: Leading dental support organization with nationwide presence
Rent Growth: 10% increases every five years
Corporate Guarantee: Strong financial backing ensures stable performance
Zero Landlord Responsibilities: Tenant covers all expenses including taxes, insurance, roof, and structural maintenance
Location and Visibility
- Strategically located at a major intersection in St. Johns, FL, with excellent visibility
- Adjacent to major retail and national brands, including grocery-anchored shopping centers
- Surrounded by affluent master-planned communities and new residential developments
- Within a 3-mile radius, average household incomes exceed $155,000
- Located in one of the fastest-growing counties in Florida, attracting strong traffic and investment
Tenant Strength and Market Position
- Tenant operates 1,800+ locations across 39 states with $3.6B in annual revenue
- Proven long-term stability as a dental office tenant due to high relocation costs and specialized build-outs
- Continuous investment in growth and innovation supports consistent expansion and operational reliability
- Strong credit profile enhances the predictability of income for investors
Investment Highlights
- Corporate-Guaranteed Lease – Backed by a leading dental organization with national scale
- Rare Absolute NNN Lease – Minimal landlord responsibilities and stable long-term income
- Strong Rent Growth – 10% rental increases every five years, including renewals
- Affluent Demographics – High household incomes support long-term viability
- Master-Planned Communities Nearby – Provides consistent patient and consumer base
- High Visibility Retail Location – Excellent exposure within a major retail corridor
- Fast-Growing Market – St. Johns is one of Florida’s fastest-growing counties, with projected population growth and significant new housing
Address
Overview
- Property ID 14392
- Price $3,920,000
- Property Type Office
- Property status For sale
- Year Built 2025
- Size 3,600 SqFt
- Land area 3,600 SqFt
- Sub Type Medical Office
- Investment Type Net Lease
- Investment Sub Type Absolute NNN
- Lease Type Absolute NNN
- Tenancy Single
- Brand/Tenant Heartland Dental
- Lease Term 12 years
- Lease Commencement 02/13/2025
- Lease Expiration 02/27/2037
- Remaining Term 11.3 years
- Net Rentable (SqFt) 3,600
- Cap Rate 5.00%
- Occupancy 100%
- NOI $196,000
- Units 1
- Stories 1
- Zoning PLANNED UNIT DEVELOPMENT (PUD)
- Lot Size (acres) 0.85
- Parking (spaces) 23
- Rent Bumps 10% Increases Every 5 Years
- Broker Co-Op Yes
- Lease Options Four, 5-Year Options
- Ownership Fee Simple
