Skip to main content

Single-Tenant Office Medical

Heartland Dental | 12 Yr Absolute NNN Lease

11959 Decubellis Rd, New Port Richey, FL 34654

Listing Price: $3,899,800

Cap Rate
5.00%
Tenant Name
Dental Care at River Ridge (Heartland Dental)
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
4,328
Lease Type
Absolute Net
Rent Per Square Feet
$45.05

Investment Overview

Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support.

New Port Richey is a city located in Pasco County, Florida, situated on the west coast of the state, near the Gulf of Mexico. New Port Richey is about 35 miles northwest of downtown Tampa, making it part of the greater Tampa Bay metropolitan area.

Investment Highlights

  • Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2024 Construction
  • Situated in Riverwalk Crossings Shopping Center, Outparcel to Publix Super Market
  • Growing Tampa Trade Area with 148,182 Residents within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Single-Tenant Office Medical

Heartland Dental | 12 Yr Absolute NNN Lease

Listing Price: $3,899,800

Cap Rate
5.00%
Tenant Name
Dental Care at River Ridge (Heartland Dental)
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
4,328
Lease Type
Absolute Net
Rent Per Square Feet
$45.05

Investment Highlights

  • Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2024 Construction
  • Situated in Riverwalk Crossings Shopping Center, Outparcel to Publix Super Market
  • Growing Tampa Trade Area with 148,182 Residents within a Five-Mile Radius

Investment Overview

Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support. New Port Richey is a city located in Pasco County, Florida, situated on the west coast of the state, near the Gulf of Mexico. New Port Richey is about 35 miles northwest of downtown Tampa, making it part of the greater Tampa Bay metropolitan area.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower