Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$3,426,500
Heartland Dental | New 12-Yr Abs NNN
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,400
Cap Rate 5.65%
NOI $193,600
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 02/28/2038
Remaining Term 12
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2025
Acreage 0.930
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/03/2026
Ground Lease No
12-Yr Corporate Abs NNN Lease | 10% Increases | 2025 Construction | Outparcel to Meijer
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 Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.
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
- Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's
- Down the Road from 800,000 SF Reid Hospital Regional Medical Center with 189 Beds and ±3,500 Employees
- Adjacent to ±5,100 Students at Indiana University East, Ivy Tech Community College, and Purdue Polytechnic University
- Easily Accessible Location Along Chester Blvd (±19,740 Cars per Day) and Immediately Off Interstate 70, Connecting Richmond to Indianapolis and Dayton, OH
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,600.00
$16,133.33/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
Map
Zoning
CB CommercialCore CommercialCentral Business
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View all 51 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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