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Views: 99 DOM: 171 Updated: 10.29.24 Posted: 07.03.24 Status: Active

Summary

Price $3,005,000
Built/Renov 2024
Tenant Heartland Dental
Cap Rate 6.15%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,200
Lease Start 08-19-2024
#Units 1,700
Price/SF $715.48
Expiration 08-31-2034
Tenant Type Medical/Health
NOI $184,800
R. Term 9.8
Ownership Fee Simple
Rent/SF $44.00
Increases 10.0%/5/yrs
Pop 5Mi 95,478
Lot/AC 0.96
Options 3/5yrs/10%
AHHI 5Mi $109,342

Lease Highlights

  • Brand new 2024 construction
  • 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 on SW 7 Highway, with access to 29,000 vehicles passing by daily. The property is surrounded by well-known national tenants such as Subway, McDonald's, Walgreens, CVS Pharmacy, Dollar General, and more. The 5-mile trade area is supported by a population of 95,478 residents with an affluent average household income of $109,342. Blue Springs, located in...

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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
2029 Total Population : 11,822 42,830 95,042
2024 Total Population : 11,610 42,540 93,955
2024 Employed Civilian Pop : 5,950 22,461 51,045
2024 Total Businesses : 145 1,397 2,707
2024 Average Household Income : $ 105,080 $ 103,763 $ 113,978
2024 Total Consumer Spending : $ 388 M $ 1458 M $ 3478 M
2024 Median Age : 37 37 39
2024 Total Households : 4,250 16,098 35,069
2024 Pop Age 25+: Bachelor's Degree : 1,516 5,827 15,033
2024 Average Home Value : $ 308,658 $ 319,819 $ 333,260
*ESRI data is presented for informational purposes only

Listing Broker

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