Tallahassee Dental Office Investment

$4,324,280
For sale
14495 Property ID
4,080 SqFt Size

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

  • Address Tallahassee, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 14495
  • Price $4,324,280
  • Property Type ,
  • Property status
  • 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

Contact

Zena Bardawell Farah

Property Agent

+1 305-967-7200
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