Dental Care at Pelican Pointe

• 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 corporate-guaranteed lease one of the most creditworthy and operationally sophisticated net lease investments in the dental sector.
• Corporate Guaranty: The lease is backed by Heartland Dental’s corporate guarantee, providing investors with institutional-grade credit support and the security of the country’s dominant dental platform behind every rent payment.
• 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.
• 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.
• Established Retail Corridor: Situated on Jacaranda Boulevard, one of Venice’s primary commercial arterials, the property benefits from strong daily traffic from the surrounding residential communities, the adjacent Pelican Pointe Golf & Country Club, and nearby national retailers.
• Exceptional Population Growth: Venice’s population has grown 25.21% since the 2020 Census and continues to expand at approximately 3.47% annually, one of the strongest growth rates for an established Florida coastal market, directly expanding the patient base for dental services year over year.
• Affluent Retiree Demographics: Venice’s median age of 69.2 years reflects a community dominated by health-conscious, insurance-carrying retirees who are among the highest per-capita consumers of dental services in the country, providing a highly captive, repeat-visit customer base for this practice.