Heartland Dental NNN Properties for Sale (4 Listings)
4 active listings · Updated October 14, 2026
Heartland Dental is a dental support organization, the largest in the United States by its own long-running description. KKR took a majority stake in 2018, alongside continuing shareholders. The offices look like local dental practices. The lease you want is the one a Heartland affiliate actually guarantees.
Heartland offices have been bracketed by sponsored buyers near 5.25 percent, stretching into the low 6s. Read the Quick Facts Heartland bracket as conversation, not as a comp study. Other sectors' listings are at properties for sale.
Quick Facts
- Typical cap range
- 5.25–6.25%
- Lease type
- Absolute NNN on many supported-office leases — confirm
- Typical term
- Often 12–15 yr
- Credit
- Private DSO — KKR took a majority interest in 2018
- Guarantee
- Heartland affiliate — confirm it is not only the local practice
Heartland Dental Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Get off-market Heartland Dental deals
What the landlord owns
A single-tenant dental office, often 3,000 to 5,000 square feet, with operatories, a lab corner, and surface parking. Patients book appointments. There is no drive-thru. Absolute-net language is frequent on newer deals and still has to be checked against the maintenance section. A 12-year primary term with several 5-year extensions is a structure buyers see. Count only the firm term.
Guarantee versus affiliation
The business model separates clinical practice from administrative support. Landlords get paid only if the support company's guaranty is in the file. Ask for the legal name, a statement of which obligations are guaranteed, and whether a sale of the platform would require your consent. KKR's 2018 release cited more than 850 supported offices at that time. Later trade stories cite a larger network. Treat every store-count sentence in a brochure as stale until you refresh it.
Pricing against corporate medical retail
CVS is public healthcare credit on a retail corner that many tenants can reuse. Walgreens is the same category with its own parent story. Heartland can trade inside those yields when the term is long and the guaranty is clean, because buyers like dental stickiness. It should not trade there if the guaranty is the practice only. Dollar General is the yield alternative with a generic box.
Florida, Carolina, Virginia
The network is multi-state. Florida, North Carolina, and Virginia are where recent buyer interest has been obvious, and Illinois is the company's historic base in Effingham. Texas is a large dental market whether or not a given Heartland office is the one in your file. Match the address to a supported office before you model the brand.
Heartland Dental NNN FAQs
Who owns Heartland Dental?
In April 2018 Heartland announced that KKR had acquired a majority interest, with Ontario Teachers' Pension Plan remaining a significant shareholder and founder Rick Workman staying involved. That is the last primary ownership announcement to rely on without a newer document. Confirm the sponsor is unchanged and, more importantly, confirm the guarantor on your lease. A supported dentist is not the same signature as the DSO.
What is a dental support organization lease?
Heartland provides non-clinical services to affiliated dental offices. The clinical practice is the dentist's. The real estate lease is often signed or guaranteed by a Heartland entity so the landlord is not underwriting one doctor. If your lease is only the practice entity, you bought a different, weaker credit. The affiliation agreement and the guaranty should be read together.
What cap rates are commonly reported?
Heartland Dental absolute-net offices on a fresh 12- or 15-year term price tighter than a short renewal of the same Heartland-supported practice. Sponsored dental buyers have bracketed Heartland from about 5.25 percent, with the soft end in the low 6s. The Heartland Quick Facts line is that bracket, not an owner-verified set of closings.
Can the office be re-leased if Heartland leaves?
Dental build-outs are expensive and useful to the next dentist, and they are a poor fit for general retail. In a growing suburb another DSO or a local group is a real backfill. In a thin market you own operatories and plumbing. Basis and location do more work than the logo.
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