Dental Care at Pelican Pointe

Nation’s Largest DSO | Corporate Lease

• Heartland Dental is the nation’s largest Dental Support Organization (DSO), supporting over 1,900 practices across 39 states and the District of Columbia with more than 3,100 affiliated doctors, making this lease one of the most creditworthy and operationally sophisticated net lease investments in the dental sector.
• Corporate Lease – Heartland Dental, LLC: The property is leased directly to Heartland Dental, LLC, a Delaware limited liability company affiliated with the nation’s largest dental support organization.
• Recession-Resilient Sector: Dental services are among the most need-based and e-commerce-resistant categories in retail real estate. Demand is driven by preventive care, insurance coverage, and an aging population, all of which align directly with the Venice, FL trade area.

The Lease

• Fee Simple Ownership: The investor acquires full ownership of the real estate, land and building, providing maximum flexibility and long-term value retention.
• 10-Year Initial Term with three, 5-year renewal options, providing up to 25 years of total lease commitment and a durable, long-term income stream.
• 10% Rent Increases Every 5 Years throughout the base term and all option periods — annual rent grows from $211,974 in Years 1-5 to $233,184 in Years 6-10 and continues escalating through each option period, reaching $310,380 by the final option.
• Absolute NNN Lease: The tenant is responsible for utilities, interior maintenance, and all other operating expenses, providing a largely passive ownership experience with clearly defined obligations.