Tallahassee Dental Office Investment
Description
This dental office investment in Tallahassee, FL offers a newly constructed, absolute NNN net lease with long-term income stability, strong tenant credit, and zero landlord responsibilities.
This freestanding dental medical office is supported by a long-term corporate-backed lease and benefits from a modern build completed in 2025. The tenant operates under a full-service dental management platform providing clinical, operational, and administrative support, creating long-term operational stability and consistent patient demand.
Tallahassee serves as the capital of Florida and is the largest city in the Big Bend and Panhandle regions, functioning as a central hub for government, education, healthcare, and regional commerce. The city continues to experience steady residential growth and rising household incomes, supporting strong demand for healthcare services.
Investment Highlights
- Brand-New Absolute NNN Lease – Twelve-year lease term with a corporate guaranty and no landlord responsibilities.
- Strong Rent Growth – Built-in 10% rental increases every five years, including multiple renewal options.
- 2025 Construction – High-quality new development limits near-term capital expenditures.
- Retail Synergy Location – Positioned within a grocery-anchored village retail environment with strong daily traffic.
- Excellent Visibility & Access – Signalized corner location with exposure to approximately 18,400 vehicles per day.
- Growing Trade Area – Nearly 38,000 residents within a five-mile radius in a steadily expanding Tallahassee market.
- Affluent Demographics – Average household income exceeds $151,000 within a three-mile radius.
- Residential Expansion Nearby – Located near new single-family and multifamily housing developments.
- Proximity to Lifestyle Amenities – Close to established country club and recreational facilities supporting daytime population.
Address
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Address Tallahassee, FL
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Country United States
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Province/State Florida
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City/Town Tallahassee
Overview
- Property ID 14495
- Price $4,324,280
- Property Type Office, Retail
- Property status For sale
- Year Built 2025
- Size 4,080 SqFt
- Sub Type Medical Office
- Investment Type Net Lease
- Lease Type Absolute NNN
- Tenant Credit Corporate Guarantee
- Tenancy Single
- Brand/Tenant Heartland Dental
- Lease Term 12 years
- Lease Commencement 01/16/2025
- Lease Expiration 01/30/2037
- Remaining Term 11.1 years
- Price per SqFt $1,059.87
- Cap Rate 5.00%
- Occupancy 100%
- NOI $216,214
- Buildings 1
- Stories 1
- Lot Size (acres) 0.81
- Rent Bumps 10% Increases Every 5 Years
- Lease Options 4, 5 Year Options
