St. Johns Dental Office Investment

$3,920,000
For sale
14392 Property ID
3,600 SqFt Size

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

  • Address St. Johns, FL
  • Country United States
  • Province/State
  • City/Town
Open on Google Maps

Overview

  • Property ID 14392
  • Price $3,920,000
  • Property Type
  • Property status
  • 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

Contact

Zena Bardawell Farah

Property Agent

+1 305-967-7200
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