Weeki Wachee, FL - Heartland Dental

Description:

• The tenant recently signed a brand new 12-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Heartland Dental continues to expand its Southeast footprint, highlighted by its 2025 Smile Design Dentistry transaction, which added 60 supported practices across Florida and brought Heartland’s network to more than 3,100 doctors and 1,900 locations nationwide

• Heartland Dental is located off the signalized, hard corner intersection of Commercial Way and a new road extension, averaging 40,000 VPD
• Neighboring the GlenLakes community (1,050-homes), providing a direct consumer base from which to draw
• Site is located within a dense retail corridor near several regional shopping destinations, including The Shoppes at GlenLakes, anchored by Publix; Coastal Way, anchored by Marshalls, HomeGoods, and Petco; Mariner Square, anchored by Sam’s Club; and many more
• Part of GlenLakes Commons, a brand-new 19.5-acre retail development currently under construction that will feature several retailers, including Culver’s, Clean Freak Car Wash, Circle K, and more
• Residential Development Underway
• Metro Development - 230-acres, 2,400 single-family homes, 1,300 multi-family units, 50,000 SF retail, 150,000 SF office
• Waterford - 1,080-single family homes
• Canopy - 842 units, comprised of 500 single-family detached units across 160 acres and 342 villa multi-family units across 40 acres

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Listing ID: a28TP0000033bFpYAI