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Heartland Dental - Richmond, TX 1536 Fm 359 Rd 4,900 SF Office Building Richmond, TX 77406 $2,408,820 CAD ($491.60 CAD/SF) 7.25% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- FORT BEND COUNTY - TOP-10 FASTEST-GROWING COUNTY IN THE U.S.
- HOUSTON MSA - TEXAS’S LARGEST METRO
- INDUSTRY-LEADING SCALE & MARKET POSITION
- GRAND PARKWAY GROWTH CORRIDOR
- STEADY ANNUAL RENT ESCALATION
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,900-square-foot net-leased medical asset located at 1536 FM 359 Road in
Richmond, Texas. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6 years of remaining primary term. The lease features attractive 1.0% annual rent increases throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 1997 as a purpose-built dental facility, the property occupies a highly visible position along FM 359, which carries approximately 21,700 vehicles per day and serves as a primary commercial corridor within the Richmond-Rosenberg trade area. The asset benefits from affluent surrounding demographics, nearby master-planned
communities, and continued residential and commercial development along the Grand Parkway corridor.
Located approximately 30 miles southwest of Downtown Houston, Richmond is among the fastest-growing communities within the Houston MSA and serves as a major residential and service hub for Fort Bend County. Supported by strong household incomes, sustained population growth, and continued investment throughout the region, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Texas’ strongest suburban growth markets.
Richmond, Texas. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6 years of remaining primary term. The lease features attractive 1.0% annual rent increases throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 1997 as a purpose-built dental facility, the property occupies a highly visible position along FM 359, which carries approximately 21,700 vehicles per day and serves as a primary commercial corridor within the Richmond-Rosenberg trade area. The asset benefits from affluent surrounding demographics, nearby master-planned
communities, and continued residential and commercial development along the Grand Parkway corridor.
Located approximately 30 miles southwest of Downtown Houston, Richmond is among the fastest-growing communities within the Houston MSA and serves as a major residential and service hub for Fort Bend County. Supported by strong household incomes, sustained population growth, and continued investment throughout the region, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Texas’ strongest suburban growth markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
4,900 SF
Building Class
B
Year Built
1997
Price
$2,408,820 CAD
Price Per SF
$491.60 CAD
Cap Rate
7.25%
NOI
$174,642 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,900 SF
Building FAR
0.11
Lot Size
1.04 AC
Zoning
S
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0062-00-000-0027-901 | Improvements Assessment | $896,709 CAD |
| Land Assessment | $533,057 CAD | Total Assessment | $1,429,766 CAD |
Property Taxes
Parcel Number
0062-00-000-0027-901
Land Assessment
$533,057 CAD
Improvements Assessment
$896,709 CAD
Total Assessment
$1,429,766 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
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Heartland Dental - Richmond, TX | 1536 Fm 359 Rd
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