Heartland Dental

3107 SW 7 Highway, Blue Springs, MO 64014

$3,005,000

Cap Rate 6.15%

Views: 58 DOM: 66 Updated: 08.08.24 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 9.12	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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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Heartland Dental Wikipedia Blue Springs, Missouri Zip Code 64014 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Heartland Dental
Guarantor:Corp T and Rated
Company:KKR & Co, Inc
# Units:1,700
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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Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11540 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11817 Views
60 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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