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Heartland Dental 4033 Fountain Ln 4,503 SF Office Building Horn Lake, MS 38637 $5,025,429 CAD ($1,116.02 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Best in Class Tenant: Heartland is the country’s largest network of dental practices with over 1,800 locations, 2,800 doctors, and 20,000 employees.
- Robust & Growing Retail Corridor: The property sits within an extremely well positioned retail corridor that has sprouted up over the past decade.
- Absolute NNN Lease: Healthcare properties are rarely offered as completely hands off investments with no landlord responsibilities.
- Recession Resistant, $187 Billion Industry: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- High Growth Market Within Memphis MSA: The NW Mississippi suburbs of Memphis have boasted strong growth over the past five years
- Incredible Inflation Hedge: The new 10% rent increase schedule in years 6, 11, and 13 would grow the rent by over 33%
Executive Summary
Phillip Carpenter
License # 8906, C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- $62.93 CAD
- Triple Net
- Jan 2036
Chez Heartland Dental, leur vision est d'être une entreprise de classe mondiale et le chef de file en dentisterie. Ils croient que leur industrie peut devenir un endroit plus gratifiant et plus précieux pour les médecins, les patients et les professionnels soutenus. C'est pourquoi leurs dirigeants encouragent une nouvelle réflexion et un service qui va au-delà des attentes. Ils sont déterminés à créer un environnement positif où les membres de leur équipe peuvent faire de leur mieux. Cette vision, ainsi qu'une communication claire et un travail acharné à l'ancienne et retroussant les manches sont les principes clés qui les poussent à avancer et qui distinguent Heartland Dental.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $62.93 CAD | Triple Net | Jan 2036 |
Property Taxes
| Parcel Number | 1089322600000500 | Improvements Assessment | $181,240 CAD |
| Land Assessment | $56,680 CAD | Total Assessment | $237,920 CAD |
Property Taxes
Contacts
-
Thor St John -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
Presented by
Heartland Dental | 4033 Fountain Ln
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