3617 W SUNSET AVE Springdale AR 72762-4955

Investment Overview

Peranich Huffman Net Lease Group is pleased to offer for sale, the Heartland Dental of Springdale, AR.​ The 4,951 SF, single-tenant dental office is offered at a 6.40% capitalization rate.​ The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.​

Absolute Net Lease

The lease is structured on an absolute net basis, whereby the tenant is solely responsible for all expenses related to the property, including the structure, roof, HVAC, parking lot, interior/ non-structural elements, landscaping, insurance, property taxes, and utilities.​ The landlord has zero responsibilities related to the management or maintenance of the subject property.​

Lease Term

With 7+ years of lease term remaining, the corporately guaranteed, Heartland Dental lease provides for 1.50% rent escalations occurring annually throughout the remainder of the term.​ Additionally, the lease provides for (1) 10-year option to renew also containing 1.50% annual rent escalations.​

Investment Grade Tenant

Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services to 2,800 supported dentists across 38 states.​ Heartland Dental partners with its supported dentists to deliver high-quality care across the full spectrum of dental services.​

Corporately Guaranteed

The Heartland Dental lease is backed by a corporate guarantee from Heartland Dental, LLC.

Rent Escalations

Offering as a hedge against inflation, the Heartland Dental lease provides for 1.50% rent escalations occurring annually throughout the remainder of the lease term & the (1) 10-year option period.

Absolute Net Lease

The Heartland Dental lease is structured on an absolute net basis, whereby the tenant is responsible for all expenses. The landlord holds no responsibility for any expense.

Strong Demographics

The subject property’s location benefits from a strong demographic profile, in which the total population counts exceed 88,000 (3-mile radius) and 166,000 (5-mile radius).

Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a Heartland Dental property located in Springdale, AR. The Property is subject to a 10-year Absolute NNN lease structure over 8 years remaining and annual rental escalations of 1.5%. The lease is also subject to one (1), ten (10) year renewal option. This provides potential investors with a truly passive asset that requires zero landlord responsibilities, as the Tenant is responsible for all expenses. This opportunity provides potential investors with passive income through June of 2033 and potentially through June of 2043. The lease includes a corporate guaranty from Heartland Dental.

Heartland Dental is the nation's largest Dental Support Organization with over 1,700 dental offices across 38 states. Heartland Dental celebrated record growth over the last 24 months with 100 new supported practices opened in 2023 and an additional 90 practices in 2024. Additionally, Heartland Dental holds a credit rating of B- (S&P) and B3/Stable (Moody's).

The Property is situated in Springdale, Arkansas which is located 10 miles north of Fayetteville, Arkansas and is currently the fourth most populated city in the entire state. The Property is advantageously located in a strong retail corridor with nearby retailers including: Lowe's, Hawaiian Bros Island Grill, Chick-fil-a, and Applebee's. Furthermore, the Property is located directly off of I-49 and US Hwy 412. This creates excellent visibility of the Property as well as extremely easy access for all patients. Within a 5-mile radius of the Property, there is a population of 117,258 boasting an average household income of $94,316.

ABSOLUTE NNN LEASE STRUCTURE

CORPORATE GUARANTY

RENTAL ESCALATIONS

STRONG DEMOGRAPHICS

PRIME RENEWAL OPTION

DENTAL MARKET GROWTH

PROVEN LOCATION