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Views: 60 DOM: 197 Updated: 04.15.24 Posted: 11.02.23 Status: Active

Summary

Price $2,998,000
Built/Renov 2023
Tenant Heartland Dental
Cap Rate 6.01%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,200
Lease Start 02-12-2024
#Units 1,600
Price/SF $713.81
Expiration 02-28-2034
Tenant Type Medical/Health
NOI $180,180
R. Term 9.9
Ownership Fee Simple
Rent/SF $42.90
Increases 10.0%/5/yrs
Pop 5Mi 152,488
Lot/AC 1.22
Options 3/5yrs/10%
AHHI 5Mi $68,279

Lease Highlights

  • Brand new 2023 construction
  • Heartland Dental recently signed a new 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Favorable NN+ lease | 20-year roof transferable warranty in place
  • Corporate guaranteed lease

Location Description

Heartland Dental is strategically located at the signalized, hard corner intersection of Bannister Road and Hillcrest Road (22,600+ VPD), and is a pad to Pioneer Plaza, a new Price Chopper anchored shopping center. Furthermore, it is located at the entrance to the New Oracle Cerner Innovations Campus, (290-acres), one of the largest office parks in the Kansas City Region, hosting an estimated...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Heartland Dental is an American dental support organization, providing non-clinical administrative support services to over 2,600 dentists in over 1,600 dental offices across 38 states and the...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,528 51,932 151,678
2023 Total Population : 4,635 52,182 152,456
2023 Employed Civilian Pop : 2,449 26,009 79,020
2023 Total Businesses : 107 914 4,592
2023 Average Household Income : $ 60,687 $ 67,543 $ 80,301
2023 Total Consumer Spending : $ 99 M $ 1288 M $ 4629 M
2023 Median Age : 34 35 39
2023 Total Households : 1,865 21,743 66,107
2023 Pop Age 25+: Bachelor's Degree : 582 5,884 23,055
2023 Average Home Value : $ 161,642 $ 186,874 $ 220,671
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Drury Ave E Bannister Rd 2010 970 0.10 mi
Drury Ave E Bannister Rd 2010 1,650 0.11 mi
E Bannister Rd Marion PkDr 2015 18,664 0.15 mi
Hillcrest Rd E 96 Pl 2012 4,930 0.16 mi
E 93 St 2022 180 0.17 mi
Hillcrest Road E Bannister Rd 2022 189 0.17 mi
Marion Park Dr E Bannister Rd 2010 3,800 0.18 mi
Marion Park Dr E Bannister Rd 2010 630 0.18 mi
E Bannister Rd 2022 5,080 0.29 mi
E Bannister Rd 2022 4,393 0.33 mi

Listing Broker

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