Tallahassee Dental Office Investment

$4,324,280.00
Sale
14369 Property ID
4,080 SqFt Size

Description

This Tallahassee Dental Office presents an exceptional opportunity to acquire a brand-new single-tenant net lease asset in Tallahassee, FL. Featuring a 12-year absolute NNN lease guaranteed by Heartland Dental, the nation’s largest dental support organization, the property offers stable long-term income with zero landlord responsibilities. Newly constructed in 2025, the 4,080 SF building is designed for modern dental operations and sits fully occupied with a strong corporate-backed tenant. With scheduled rental increases of 10% every five years and multiple renewal options, the investment ensures both steady income and future value growth.

Tallahassee remains one of Florida’s most dynamic markets, serving as the state capital and a major regional hub for commerce, healthcare, education, and agriculture. The surrounding trade area continues to expand due to new residential construction, strong demographics, and consistent economic development. The asset is positioned in a thriving corridor with newly developed retail, residential communities, and high-income households, creating an ideal foundation for long-term tenant performance and investor stability.

Investment Highlights

Brand New Absolute NNN Lease

  • 12-year term with a corporate guaranty
  • Zero landlord responsibilities

Built-In Income Growth

  • 10% rent increases every five years
  • Four additional 5-year renewal options

New 2025 Construction

  • High-quality build designed for modern dental operations

Prime Retail Positioning

  • Part of a major retail corridor anchored by a new Publix
  • Hard-corner signalized location with ±18,400 cars per day

Strong Demographics

  • 37,923 residents within five miles
  • Average household income over $151,000 within three miles

Growing Residential Development

  • Across from a large new housing expansion with single-family homes and apartments

Proximity to Local Amenities

  • Close to Golden Eagle Country Club and established neighborhoods

Address

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

  • Property ID 14369
  • Price $4,324,280.00
  • 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 01/17/2025
  • Lease Expiration 01/31/2037
  • Remaining Term 11.2 years
  • Price per SqFt $1,059.87
  • Cap Rate 5.00%
  • Occupancy 100%
  • NOI $216,214
  • 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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