Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$3,894,545
Heartland Dental | 12 Yr Absolute NNN Lease
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,192
Cap Rate 5.5%
NOI $214,200
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 03/31/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2025
Acreage 1.110
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/10/2025
Ground Lease No
Abs NNN | Corporate Guaranty | Target Outparcel
Marketing description
Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support.
The City of Bullhead City is a family-oriented, vibrant community for its residents and businesses seeking careful growth, environmental awareness, an affordable place to live and a high quality of life.
Investment highlights
- Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- New High-Quality 2025 Construction
- Target Outparcel within Mohave Crossroads Shopping Center - Neighboring Tenants Include Kohl’s, Ross Dress for Less, and PetSmart
- Easily Accessible Location Along US Highway 95 (33,285 Plus Cars per Day), Bullhead City’s Primary Thoroughfare
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,200.00
$17,850.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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