Looking to buy a Heartland Dental NNN property? 61 are observed for sale across 19 states, median asking cap rate 5.35%. View Heartland Dental NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Metric | Details |
|---|---|
| Entity / Legal Name | Heartland Dental, LLC |
| Credit Ratings | S&P: B |
| Rated Entity | Heartland Dental, LLC (S&P issuer credit rating; see the rating source below) |
| Rating Source | S&P Global Ratings B, as of May 19, 2026. Ratings checked October 8, 2026. |
| Investment Grade Status | Below Investment Grade |
| Sector | Dental Services / DSO (describes itself as America’s leading dental support organization) |
| US Supported Practices | 1,900+ supported practices in 39 states (company website, October 8, 2026) |
| Median asking cap rate | See the live table below |
| Lease Term | Varies; confirm the remaining term and expense terms in the lease |
| Guarantee Type | Varies; confirm the tenant entity and any guaranty in the lease |
| Annual Revenue | Not publicly reported |
| Median Building Size | 4,200 SF across active listings InvestmentGrade.com tracks |
Heartland Dental is not investment grade. Heartland Dental LLC carries issuer rating of B from S&P Global Ratings: below the BBB-/Baa3 investment grade threshold. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
Heartland Dental Business Overview & NNN Investment Profile
Heartland Dental describes itself as America’s leading dental support organization (DSO), with more than 1,900 supported practices and 3,100 supported doctors in 39 states (company website, October 8, 2026). It traces its start to 1997, when Dr. Rick Workman of Effingham, Illinois created a model for dentists to support one another. As a DSO, Heartland supports affiliated dental practices; confirm which entity signs each lease and any guarantee.
Heartland Dental vs. Aspen Dental Compared
| Metric | Heartland Dental | Aspen Dental |
|---|---|---|
| US Locations (company-reported) | 1,900+ supported practices in 39 states (Heartland, Oct. 2026) | 1,100+ offices (Aspen Dental, Oct. 2026) |
| S&P Rating | B | B- |
| Moody’s Rating | no verified rating | no verified rating |
| Median asking cap rate | See the live table below | See the live table below |
| Lease Signer | Confirm the tenant entity and any guarantor in the lease | Confirm the tenant entity and any guarantor in the lease |
Heartland Dental NNN Cap Rate & Pricing
Live asking cap rates for Heartland Dental and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Heartland Dental | B / n/a | 5.35% | 5.25% to 6.25% | 61 | +11 bps |
| Aspen Dental | B- / n/a | 6.25% | 5.83% to 6.35% | 11 | +101 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file.
When weighing Heartland Dental and Aspen Dental NNN deals, compare the ratings above with the lease guarantor, remaining term and location; a rating supports a lease only if the rated entity signs or guarantees it.
Is Heartland Dental the largest DSO in the US?
Heartland Dental describes itself as America’s leading dental support organization, with more than 1,900 supported practices in 39 states (company website, October 8, 2026); we have not verified a ranking by size. Heartland is rated B in our database, and its investment grade status there is not investment grade.
What are asking cap rates for Heartland Dental NNN properties?
Current median asking cap rates for Heartland Dental and comparable tenants are shown in the live table on this page. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
Heartland Dental Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Heartland Dental properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
- Ascension
- Aspen Dental
- Athletico
- BioLife Plasma
- Concentra
- Corewell Health
- CSL Plasma
- DaVita Dialysis
- EyeCare Partners
- Fresenius
- Grifols
- Henry Ford Health
- HCA Healthcare
- Mary Washington Healthcare
- McLaren Health Care
- Oak Street Health
- Piedmont Healthcare
- Sparrow Health
- Trinity Health
- U of M Health
- University of Pittsburgh Medical Center (UPMC)
- Acadia Healthcare
- AFC Urgent Care
- ATI Physical Therapy
- CityMD / Summit Health
- Encompass Health
- Fast Pace Urgent Care
- MedExpress Urgent Care
- MyEyeDr
- NextCare Urgent Care
- Octapharma Plasma
- Pacific Dental Services
- Select Physical Therapy
- Smile Brands
- VCA Animal Hospitals
- WellNow Urgent Care
- Banfield Pet Hospital
- Labcorp
- National Vision
- Quest Diagnostics
Heartland Dental NNN Properties Observed For Sale
61 active Heartland Dental net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Plymouth, NH | $1,526,000 | 7.75% | 5,406 | n/a | View listing |
| Lafayette, LA | $4,667,000 | 6.00% | 7,100 | 9.3 yrs | View listing |
| Commerce City, CO | $4,080,000 | 5.25% | 4,387 | 11.0 yrs | View listing |
| Colorado Springs, CO | $1,619,300 | 6.75% | 3,000 | n/a | View listing |
| Alabaster, AL | $2,249,000 | 6.75% | 3,928 | n/a | View listing |
| Birmingham, AL | $1,399,000 | 7.25% | 4,700 | n/a | View listing |
| Rochester, MN | $2,611,000 | 7.00% | 4,244 | n/a | View listing |
| Greenville, SC | $4,160,000 | 5.25% | 4,200 | 11.9 yrs | View listing |
Search all 61 observed Heartland Dental listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
