loader
Join Free
Views: 40 DOM: 46 Updated: 08.31.24 Posted: 07.23.24 Status: Active

Summary

Price $2,659,000
Built/Renov 2022
Tenant Heartland Dental
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,200
Lease Start 04-29-2022
#Units 1,700
Price/SF $633.10
Expiration 04-30-2032
Tenant Type Medical/Health
NOI $159,544
R. Term 7.7
Ownership Fee Simple
Rent/SF $37.99
Increases 10.0%/3/yrs
Pop 5Mi 67,063
Lot/AC 0.72
Options 4/5yrs/10%
AHHI 5Mi $92,087

Lease Highlights

  • New 2022 construction
  • Heartland Dental has 7+ years remaining on the current lease term with 4 (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 on Jag Branch Boulevard, with access to 21,000 vehicles passing by daily. The property serves as an outparcel to The Reserve at Smith Crossing, a 376-unit apartment complex, with cross access to 1188 at Soloman, a 312-unit apartment complex under construction. Additionally, it is across the street from The Grand at Union Cross, a 272-unit apartment...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity