Heartland Dental | Abs. NNN | Midlothian, TX
5.25% CAP | Dallas TX MSA Rare Abs. NNN Lease Structure
Investment highlights
RARE LEASE STRUCTURE
One of the first Abs. NNN Leased Heartland Dentals
Zero landlord responsibilities
12 Years lease with four (4) five (5) year extensions
10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
Heartland Dental is the largest dental support organization in the United States
Over 1,800 Locations
2023 Total Revenue was $3B
DALLAS-FORT WORTH MSA
Dallas-Fort Worth-Arlington, TX MSA is the fourth most populous MSA in the Country at over 8 Million people
Per the U.S. Census Bureau, the Dallas-Fort Worth MSA is the fastest growing metro area in the Country
According to a report by Henley and Partners, the Dallas-Fort Worth area was the 18th wealthiest city in the world in 2022
NEW CONSTRUCTION
The Building has recently been built to suit the tenant’s specifications
Tenant has paid to add specific capital improvements to enhance operational performance
POSITIONED NEAR MAJOR CONSUMER DRIVERS
Site is surrounded by schools and universities
Located under half a mile is Navarro College - Midlothian, 1,000+ students and almost 5,000 employees
Just under a mile from Jean Coleman Elementary School with 600+ students and Methodist Midlothian Medical Center, a $90 million dollar facility with 80+ beds
GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR
Fronting FM 663 (32,053 AADT) and approximately a quarter mile to Hwy 287 (62K AADT)
Over 483K SF of retail space within a 1-mile radius boasting a 1.1% vacancy rate (costar data)
Nearby National Tenants include: Kroger Marketplace, Aldi, Petco, Ross Dress for Less, and more
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