Heartland Dental Corporate Absolute Nnn Lease — Sale in Shelby Township, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Shelby Township, MI 48316

Investment Figures

Cap rate
5.65%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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 worldclass non-clinical administrative and operational support to help them achieve sustainable professional and financial growth. Located in west Macomb County, 20 miles north of Detroit and eight miles west of Anchor Bay, Shelby Township is home to roughly 75,000 residents. The township is home to 1,200 acres of parks, the 4,000-acre Stony Creek Metropark, and the Macomb Orchard Trail, a 24-mile hiking and biking path. Shelby Township is also home to several vibrant business districts that offer different options for commercial and industrial development with easy access to the township’s first-rate infrastructure as well as its affluent residential neighborhoods. Investment Highlights: • Brand New 10-Year Absolute Triple Net (NNN) Lease with Corporate Guaranty by Heartland Dental • Dense Retail Corridor Location Surrounded by National Tenants: Target, The Home Depot, Kroger, Meijer, McDonald's, and More • 10 Percent Rental Increases Every Five Years • 126,731 Residents within a Five-Mile Radius in the Detroit MSA • Population and Households Projected to Increase One to Two Percent in the Surrounding Area Over the

Market Context

This retail in Shelby Township, MI is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Shelby Township, MI — view the full market.

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