Heartland Dental
$187 Billion Industry | Bite-Size Deal | Advantageous Price/SF Me trics
Marketing description
Matthews Healthcare Division is pleased to offer to qualified investors the opportunity to acquire a fee simple property leased to Heartland Dental. Within the dental world, Heartland is the premier operator, and boasts over 1,800 locations, 2,800 doctors, and has been in business for nearly 30 years. They have added locations every year by acquiring existing and successful dental practices that are well established within the communities they serve.
The property is strategically positioned within the Dayton-Kettering-Beavercreek MSA, Ohio's fourth-largest metropolitan area with approximately 820,000 residents. The region is anchored by major employers including Wright-Patterson Air Force Base, Premier Health, Kettering Health, and the University of Dayton, providing a diverse and stable economic foundation. Additionally, the property benefits from its location along a well-traveled commercial corridor surrounded by established residential neighborhoods and daily-needs retail, supporting consistent patient traffic and long-term viability.
Investment highlights
- Heartland is the country's largest network of dental practices with over 1,800 locations, 2,800 doctors, and 20,000 employees. They have consistently added new locations every year since the company was founded in 1995, and currently are growing at nearly 100 locations per year.
- Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- Heartland signed a 10-year lease at the location when purchasing the business in 2024, demonstrating commitment to this location and providing confidence in their success within the Dayton market.
- The property offers investors the opportunity to acquire a long-term NNN lease with a national tenant at under $600,000.
- The property sits within a high income suburb within Dayton that has average household incomes of over $110,000 within a 1-mile radius of the property.
- At just over $220/SF the property is priced below replacement cost. The average interior build-out for dental offices frequently passes over $150/SF.
- It is costly for dental practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to the difficulty in retaining the same patients after moving.
- North Main Street sees over 27,000 cars per day directly in front of the property.
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