www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33235143
33235144

12901 U.S. 41, Evansville, IN 47725 For Sale

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
AF
OH OH 2017002396
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,293,780
54 days on market
Updated 54 days ago

Heartland Dental | Corporate Absolute NNN Lease

Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 3,864
Cap Rate 5.65%
NOI $129,599
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2035
Remaining Term 9
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2021
Acreage 0.810
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2025
Ground Lease No

Abs NNN | 10% Increases

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. Heartland Dental is focused on positively impacting dentistry with the goal of offering dentists the freedom to focus on their craft. This culture is sustained with continuing education and ongoing leadership development at all levels of the organization.

Heartland Dental has expanded to over 20,000 team members in over 1,800 supported office with over 2,400 supported doctors across 38 states. They are able to differentiate themselves from competition to become what they are today. They provide dentists, hygienists, and non-clinical team members with world class non-clinical administrative and operational support to help them achieve sustainable professional and financial growth.

As the third largest city in Indiana, Evansville is the regional hub in the southwestern corner of the state. Located along the Ohio River, it’s an easy drive from several large metropolitan areas such as Indianapolis, Cincinnati, Louisville, Nashville, and St. Louis. The City of Evansville, Indiana, was founded in 1812 on a scenic bend in the Ohio River. With a population of nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, the city is known for its rich history, economic diversity, and vibrant cultural scene.

Investment highlights

  • Brand New 10-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • Located in Darmstadt Crossing Shopping Center Anchored by Schnucks Grocery Store
  • 10 Percent Rental Increases Every Five Years
  • Excellent Visibility Along US Highway 41 with Over 24,000 Vehicles per Day
  • Central Location within 10 Miles of Evansville Regional Airport, Downtown Evansville, and University of Evansville
  • Surrounded by National Tenants: Schnucks, Wendy’s, Ace Hardware, CVS Pharmacy, Valvoline, as well as Several Financial and Banking Institutions
  • High Income Area with Average Annual Income Exceeding $134,000 within One-Mile
  • Over 158,600 Residents and Over 190,500 Daytime Employees within a Ten-Mile Radius - Growing Trade Area with Population Projected to Increase 2-3 Percent by 2029

Listing Contacts

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
AF
OH OH 2017002396
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,599.00
$10,799.92/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Julia Evinger
License
RB14040143
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591