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Heartland Dental - Pflugerville, TX 1613 E Pflugerville Pky 3,884 SF Office Building Pflugerville, TX 78660 $3,947,997 CAD ($1,016.48 CAD/SF) 6.50% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- AUSTIN SUBURB - ONE OF THE NATION’S FASTEST-GROWING MARKETS
- 140%+ POPULATION GROWTH SINCE 2000
- INDUSTRY-LEADING SCALE & MARKET POSITION
- MEDIAN HOUSEHOLD INCOME OF ~$118,000
- AUSTIN MSA
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 3,884-square-foot net leased medical asset located at 1613 East Pflugerville Parkway in Pflugerville, Texas. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with
approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options,
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2016 as a purpose-built dental facility, the property occupies a highly visible position along Pflugerville Parkway, which carries approximately 19,600 vehicles
per day. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, H-E-B, Aldi, McDonald’s, Chase Bank, Starbucks, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 15 miles northeast of Downtown Austin, Pflugerville is among the fastest-growing and most affluent communities within the Austin MSA and serves as
a major residential and commercial hub for northeastern Travis County. Supported by exceptional population growth, household incomes exceeding $131,000 within a three-mile radius, and continued corporate investment throughout the Austin 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.
approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options,
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2016 as a purpose-built dental facility, the property occupies a highly visible position along Pflugerville Parkway, which carries approximately 19,600 vehicles
per day. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, H-E-B, Aldi, McDonald’s, Chase Bank, Starbucks, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 15 miles northeast of Downtown Austin, Pflugerville is among the fastest-growing and most affluent communities within the Austin MSA and serves as
a major residential and commercial hub for northeastern Travis County. Supported by exceptional population growth, household incomes exceeding $131,000 within a three-mile radius, and continued corporate investment throughout the Austin 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
3,884 SF
Building Class
B
Year Built
2016
Price
$3,947,997 CAD
Price Per SF
$1,016.48 CAD
Cap Rate
6.50%
NOI
$256,586 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,884 SF
Building FAR
0.11
Lot Size
0.82 AC
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
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 862325 | Improvements Assessment | $1,991,171 CAD |
| Land Assessment | $1,002,514 CAD | Total Assessment | $2,993,685 CAD |
Property Taxes
Parcel Number
862325
Land Assessment
$1,002,514 CAD
Improvements Assessment
$1,991,171 CAD
Total Assessment
$2,993,685 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
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Heartland Dental - Pflugerville, TX | 1613 E Pflugerville Pky
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