Heartland Dental
7+ Years of Lease Term Remaining | Absolute Net Lease | Strong Financials
Marketing description
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.
Investment highlights
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).
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