Heartland Dental

100 Hansen Blvd, North Aurora, IL 60542

$2,648,000

Cap Rate 6.25%

DOM: 472 Updated: 11.22.24 Posted: 01.16.24 Status: Active

Summary

Price $2,648,000	Built/Renov 2008/2023	Tenant Heartland Dental
Cap Rate 6.25%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 3,756	Lease Start 08-31-2023	#Units 1,750
Price/SF $705.01	Expiration 08-31-2033	Tenant Type Medical/Health
NOI $165,500	R. Term 8.4	Ownership Fee Simple
Rent/SF $44.06	Increases 10.0%/4/yrs	Pop 5Mi 140,406
Lot/AC 1.49	Options 4/5yrs/10%	AHHI 5Mi $124,267

Connor Shell

STREAM Capital Partners

Contact

Lease Highlights

Heartland Dental has 8+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Heartland Dental is strategically located at the signalized, hard corner intersection of Oak Street and Orchard Road, benefiting from a combined daily traffic count of 32,275 vehicles. The property maximizes intersection visibility as it is situated at the entrance to a Woodman’s Market-anchored shopping center. Additionally, the surrounding area features prominent national tenants, including...

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Key Features

Signalized intersection
Recent renovation
Relocation store
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee

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Links

Heartland Dental Wikipedia North Aurora, Illinois Zip Code 60542 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Heartland Dental
Guarantor:Corp T and Rated
Company:KKR & Co, Inc
# Units:1,750
Tenant S&P: A
Stock: NYSE: KKR

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 :	4,312	42,405	140,182
2023 Total Population :	4,482	43,412	137,695
2023 Employed Civilian Pop :	2,757	22,765	70,717
2023 Total Businesses :	115	957	3,864
2023 Average Household Income :	$ 141,533	$ 117,216	$ 121,946
2023 Total Consumer Spending :	$ 209 M	$ 1543 M	$ 5064 M
2023 Median Age :	37	37	37
2023 Total Households :	1,760	15,420	48,638
2023 Pop Age 25+: Bachelor's Degree :	875	6,096	21,312
2023 Average Home Value :	$ 311,036	$ 289,923	$ 304,051

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
83	Oak St	2018	27,800	0.09 mi
Oak St	Deerpath Rd	2014	4,650	0.12 mi
Oak St	83	2014	8,950	0.13 mi
Deerpath Rd	Oak St	2018	10,100	0.18 mi
Deerpath Rd	Oak St	2018	3,900	0.19 mi
Orchard Road	Orchard Rd	2018	2,650	0.24 mi
Tanner Rd	Deer Oaks Rd	2014	6,150	0.30 mi
Orchard Gateway Boulevard	Orchard Rd	2018	5,150	0.35 mi
Deerpath Rd	Tanner Rd	2018	7,450	0.41 mi
83	Tanner	2014	13,600	0.46 mi

Listing Broker

Connor Shell

STREAM Capital Partners

Contact

55 Listings
11689 Views
16 Sold

Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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