Heartland Dental NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Last Year Cap

5.9%

This Year Cap

6.1%

Cap Change

0.2%

Last Year Rating

B-

This Year Rating

B-

Rating Change

No change

Heartland Dental – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Heartland Dental

Cap Rates NNN
Last Year 5.9%
This Year 6.1%
Change 0.2%
S&P Rating CREDIT
Last Year B-
This Year B-
Change No change

Heartland Dental Net Lease: Secure, Essential Investment

Heartland Dental is one of the largest dental support organizations (DSOs) in the United States, providing business and administrative services to affiliated dental practices nationwide. This guide reviews Heartland Dental cap rates, lease terms, tenant credit, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, Heartland Dental NNN and ground lease properties offer exposure to the growing outpatient healthcare sector. Long-term leases, recurring demand for dental services, and a large nationwide operating platform make these assets attractive for investors seeking stable income.

Investors often target Heartland Dental assets for:

  • Stable Income Potential
  • Essential Healthcare Services
  • Nationwide Practice Network
  • Attractive 1031 Exchange Compatibility

Heartland Dental ground lease properties require careful comparison of rent escalations, remaining lease term, renewal options, and residual land value versus fee simple ownership.

Heartland Dental Ground Lease Properties for 1031 Exchange Buyers

Heartland Dental ground lease properties often trade differently than fee simple Heartland Dental assets. Buyers should carefully evaluate lease structure, remaining lease term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.

Heartland Dental – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Heartland Dental Investment Market Statistics

AVERAGE SALE PRICE

$6,000,000

BUILDING SIZE

3,000 – 5,000 SF

AVERAGE NOI

$275,000

LAND

0.75 – 1.5 acres

$/SF RANGE

$478 – $796

LEASE TERM SHOWN

20 years

Heartland Dental Investor Snapshot (Quick Facts)

Origins & Growth (Past)

• Founded in 1997 in Illinois
• Expanded through affiliated dental practices
• Grew into nationwide DSO network
• Supported dentist-owned practice growth
• Acquired by KKR in 2018
• Leading U.S. dental support organization

Where Heartland Dental Stands Today

• Operates one of the largest dental support organizations in the U.S.
• Supports hundreds of affiliated dental practices nationwide
• Provides essential preventive and restorative dental care
• Benefits from steady demand for oral healthcare services
• Invests in technology and operational efficiency
• Focuses on long-term practice growth and patient care

Where Heartland Dental Stands Today

  • Patient Growth
  • National Expansion
  • Digital Integration
  • Patient Engagement
  • Practice Efficiency
  • Preventive Care
  • Healthcare Demand

Why investors buy Heartland Dental NNN Properties or Heartland Dental ground Lease Properties?

Pros (what buyers like)

  • Essential healthcare services
    Dental care generates recurring, needs-based patient demand
  • Large nationwide platform
    One of the largest dental support organizations in the U.S.
  • Defensive healthcare sector
    Demand remains resilient across economic cycles
  • Attractive lease structures
    Long-term NNN or ground leases appeal to 1031 exchange buyers

Cons (what can bite you)

  • Lease structure variability
    Some assets are NN or modified NNN with landlord responsibilities
  • Below investment-grade credit
    Corporate credit ratings are below investment grade
  • Limited rent growth
    Some leases have minimal or no rent escalations
  • Specialized dental build-outs
    Dental office layouts can increase re-tenanting costs

Find out more

Heartland Dental Background & History

Heartland Dental is one of the largest dental support organizations (DSOs) in the United States, providing administrative, operational, and business support to affiliated dental practices nationwide. Founded in 1997, the company has grown rapidly through practice affiliations and strategic expansion, helping dentists focus on patient care while benefiting from centralized operational support.

Today, Heartland Dental supports hundreds of affiliated practices across the country, offering comprehensive general dentistry services, preventive care, restorative treatments, and advanced dental procedures. The company continues to invest in technology, clinical education, and operational efficiency to strengthen patient care and practice performance.

As demand for oral healthcare continues to rise due to population growth and greater awareness of preventive dentistry, Heartland Dental has expanded its nationwide footprint while maintaining a focus on high-quality patient care and long-term practice success.

Why Heartland Dental Matters to NNN Investors

Heartland Dental operates in the resilient outpatient healthcare sector, where demand for dental services is driven by recurring patient needs rather than discretionary spending. Routine cleanings, preventive care, restorative procedures, and ongoing oral healthcare create consistent patient traffic that supports long-term occupancy.

Many Heartland Dental offices are located in growing suburban markets with strong demographics, convenient access, and high visibility. Long-term leases, modern dental facilities, and essential healthcare services make Heartland Dental properties attractive to investors seeking stable cash flow and 1031 exchange opportunities.

The company’s large affiliated network and continued investment in technology and operational support reinforce its position within the dental industry, making Heartland Dental a recognized healthcare tenant in the net lease market.

What Buyers and Sellers Should Evaluate

For investors evaluating Heartland Dental NNN properties, Heartland Dental net leases, or Heartland Dental ground lease properties, the investment thesis is primarily centered on lease structure, real estate quality, tenant credit, and long-term demand for healthcare services. Buyers should carefully analyze the remaining lease term, rent escalations, renewal options, and landlord responsibilities before underwriting an acquisition.

Common searches include Heartland Dental real estate, Heartland Dental cap rate, Heartland Dental lease term, Heartland Dental tenant credit, and Heartland Dental ground lease. Ultimately, Heartland Dental property values are driven by site-specific fundamentals, lease economics, surrounding demographics, and the long-term performance of the dental practice.

Investors should also evaluate traffic patterns, population growth, nearby healthcare providers, visibility, ingress and egress, and the specialized nature of dental office improvements. These factors can significantly influence financing, resale value, long-term cash flow, and exit strategy for both NNN and ground lease investments.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Heartland Dental ground lease properties or fee simple Heartland Dental assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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