Listed by Marcus & Millichap - Denver
$4,080,000
Heartland Dental | 12 Yr Absolute NNN Lease
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,387
Cap Rate 5.25%
NOI $214,200
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 11/28/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2025
Acreage 0.810
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/17/2025
Ground Lease No
Abs NNN | Corporate Guaranty | Denver MSA
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.
Commerce City is located in Adams County, Colorado, north of Denver and part of the Denver-Aurora-Lakewood metropolitan area and the Front Range Urban Corridor. As the 18th most populous city in Denver, Commerce City is home to an estimated 62,400 residents.
Investment highlights
- Brand New 12-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- New High-Quality 2025 Construction
- Dense Trade Area in the Denver MSA - 463,747 Residents within a 10-Mile Radius
- The Immediate Area is Experiencing Rapid Growth - Households and Population Projected to Increase 12%+ within a 1-Mile Radius by 2029
Listing Contacts
Listed by Marcus & Millichap - Denver
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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
5.25%
Cap Rate
5.25%
ROI
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