Heartland Dental
Largest US dental support organization (KKR-owned), upgraded by S&P to B on revenue growth. Offices are small, frequently in outparcels or strip centers, with leases typically 10 years.
- US units
- 1,800
- 2026 (approx.)
- 3Y net growth
- +9.1%
- vs. 2022 (approx.)
- Credit rating
- B
- Sub-investment grade
- Typical term
- 10 yr
- NN
- Model
- Corporate
- Private equity
Unit count
Heartland Dental in the news
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Heartland Dental net lease FAQ
What is Heartland Dental's credit rating?
Heartland Dental is rated B, which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Heartland Dental locations are there in the US?
Heartland Dental reported about 1,800 US locations as of 2026 (approx.). That is +9.1% versus 1,650 in 2022 (approx.).
What does a typical Heartland Dental net lease look like?
Lease type: NN. Initial term: 10 yr. Rent increases: ~2% annually. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Heartland Dental corporate or franchised?
Operating model: Corporate. Heartland Dental is part of KKR. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.