Heartland Dental | Recent Renovation
680 Potomac Station Dr, Leesburg, VA 20176
Price: $3,808,000
Status: Sold
Cap Rate: 5.25%
Year Built: 2012/Ren. 2024
NOI: $199,824
Lot Size: 1.80 sqft
Price Per Foot: $914
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 11+ Years
GLA: 4,163 sqft
Property Intro
The 4,163-square-foot building sits on 1.8 acres and is leased on an absolute triple-net basis to Heartland Dental, the largest dental support organization in the U.S., with over 1,800 locations. The lease commenced in September 2024 and offers a rare 12-year initial term with four (4) five-year renewal options. Structured with 10% rent increases every five years and zero landlord responsibilities, the investment provides long-term income security backed by a corporate guaranty.
Strategically positioned in a dense retail corridor within the Washington, D.C. MSA, the property benefits from exceptional visibility at a signalized intersection and proximity to over 2.4 million square feet of surrounding retail. It is located across from Potomac Station, a 1,400+ home community, and is surrounded by national retailers including Lowe’s, Giant Food, ALDI, Wegmans, and Best Buy. The site sits less than 15 miles from Dulles International Airport, which serves more than 20 million passengers annually, further enhancing the area's connectivity and draw. Additionally, Heartland has made capital investments to customize the facility to its operational standards, underscoring the tenant’s commitment to the location.