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Views: 13 DOM: 33 Updated: 04.28.24 Posted: 04.13.24 Status: Active

Summary

Price $3,360,000
Built/Renov 2023
Tenant Heartland Dental
Cap Rate 5.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,200
Lease Start 05-09-2024
#Units 1,700
Price/SF $800.00
Expiration 05-31-2034
Tenant Type Medical/Health
NOI $193,200
R. Term 10.0
Ownership Fee Simple
Rent/SF $46.00
Increases 10.0%/5/yrs
Pop 5Mi 140,859
Lot/AC 0.76
Options 3/5yrs/10%
AHHI 5Mi $92,862

Lease Highlights

  • Brand new 2023 construction
  • Heartland Dental will be executing a brand new 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Heartland Dental is strategically located at the hard corner intersection of Slide Road and 114th Street, with access to a combined daily traffic count of 21,000 vehicles. The property is situated within a dense retail corridor, surrounded by well-known national tenants such as Walmart, H-E-B, Whataburger, Chipotle, Chick-fil-A, Panda Express, and more. Moreover, there are over 400,000 square...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Heartland Dental Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services. Heartland Dental partners with its supported...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,858 69,714 152,410
2023 Total Population : 9,414 68,156 148,485
2023 Employed Civilian Pop : 4,778 35,014 76,133
2023 Total Businesses : 260 2,722 5,843
2023 Average Household Income : $ 164,514 $ 129,673 $ 107,897
2023 Total Consumer Spending : $ 508 M $ 3004 M $ 5521 M
2023 Median Age : 39 39 37
2023 Total Households : 3,599 27,034 59,272
2023 Pop Age 25+: Bachelor's Degree : 2,083 15,029 27,150
2023 Average Home Value : $ 318,434 $ 301,691 $ 274,998
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Slide Rd 114th St 2009 8,603 0.17 mi
114th St Slide Rd 2017 6,291 0.19 mi
114th Street Slide Rd 2022 12,523 0.24 mi
Slide Road 114th St 2022 14,594 0.26 mi
103rd St Utica Ave 2017 241 0.62 mi
Slide Rd 98th St 2017 16,399 0.68 mi
Slide Rd 98th St 2009 15,682 0.79 mi
98th St Slide Rd 2009 19,997 0.82 mi
98th St Slide Rd 2009 24,610 0.82 mi
98th St Abbeville Ave 2017 17,315 0.83 mi

Listing Broker

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