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Heartland Dental 12901 US-41 Hwy 3,864 SF 100% Leased Office Building Evansville, IN 47725 $3,289,269 CAD ($851.26 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
- Central Location within 10 Miles of Evansville Regional Airport, Downtown Evansville, and University of Evansville
- 158,600+ Residents and 190,500+ Daytime Employees within a Ten-Mile Radius - Growing Trade Area with Population Projected to Increase 2-3% by 2029
- Excellent Visibility Along US Highway 41 with Over 24,000 Vehicles per Day
- High Income Area with Average Annual Income Exceeding $134,000 within One-Mile
EXECUTIVE SUMMARY
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.
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,864 SF
Building Class
C
Year Built
2021
Price
$3,289,269 CAD
Price Per SF
$851.26 CAD
Cap Rate
5.50%
NOI
$180,909 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,864 SF
Building FAR
0.11
Lot Size
0.81 AC
PROPERTY TAXES
| Parcel Number | 82-04-08-009-385.006-030 | Improvements Assessment | $714,982 CAD |
| Land Assessment | $721,746 CAD | Total Assessment | $1,436,729 CAD |
PROPERTY TAXES
Parcel Number
82-04-08-009-385.006-030
Land Assessment
$721,746 CAD
Improvements Assessment
$714,982 CAD
Total Assessment
$1,436,729 CAD
CONTACTS
-
Zack House -
Alex Frankel -
Mark Ruble -
Christopher Lind -
Josh Caruana -
Marcus & Millichap
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Heartland Dental | 12901 US-41 Hwy
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