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4273 W Circle Dr NW
Rochester, MN 55901
Heartland Dental - Rochester, MN · Office Property For Sale


Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- MAYO CLINIC - $5 BILLION EXPANSION CATALYST
- PURPOSE-BUILT DENTAL FACILITY
- INDUSTRY-LEADING SCALE & MARKET POSITION
- #1 JOB GROWTH IN MINNESOTA
- AFFLUENT, EDUCATED CONSUMER BASE
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,244-square-foot net-leased medical asset located at 4273 West Circle Drive
Northwest in Rochester, Minnesota. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 5.3 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 2022 as a purpose-built dental facility, the property occupies a highly visible position along West Circle Drive Northwest (CR 22), which carries approximately 23,800 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Hy-Vee, Costco, Kwik Trip, Jersey Mike’s, Mayo Clinic Laboratories, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 85 miles south of Minneapolis, Rochester is Minnesota’s third-largest city and serves as the economic and healthcare hub of southeastern Minnesota. Anchored by the world-renowned Mayo Clinic and its multi-billion-dollar campus expansion, Heartland Dental offers investors the opportunity to acquire a well-located
healthcare asset leased to an industry-leading operator in one of the Midwest’s most economically resilient and rapidly expanding healthcare markets.
Northwest in Rochester, Minnesota. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 5.3 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 2022 as a purpose-built dental facility, the property occupies a highly visible position along West Circle Drive Northwest (CR 22), which carries approximately 23,800 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Hy-Vee, Costco, Kwik Trip, Jersey Mike’s, Mayo Clinic Laboratories, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 85 miles south of Minneapolis, Rochester is Minnesota’s third-largest city and serves as the economic and healthcare hub of southeastern Minnesota. Anchored by the world-renowned Mayo Clinic and its multi-billion-dollar campus expansion, Heartland Dental offers investors the opportunity to acquire a well-located
healthcare asset leased to an industry-leading operator in one of the Midwest’s most economically resilient and rapidly expanding healthcare markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
4,244 SF
Building Class
B
Year Built
2022
Price
$3,683,651 CAD
Price Per SF
$867.97 CAD
Cap Rate
7%
NOI
$257,833 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,244 SF
Building FAR
0.13
Lot Size
0.73 AC
Parking
32 Spaces (7.54 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 74.17.43.085505 | Improvements Assessment | $657,301 CAD |
| Land Assessment | $805,014 CAD | Total Assessment | $1,462,315 CAD |
Property Taxes
Parcel Number
74.17.43.085505
Land Assessment
$805,014 CAD
Improvements Assessment
$657,301 CAD
Total Assessment
$1,462,315 CAD
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