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Heartland Dental 5675 E Bannister Rd 4,200 SF Retail Building Kansas City, MO 64137 $3,832,290 CAD ($912.45 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-year corporate net lease featuring 10% rental increases every 5 years
- 2023 build-to-suit construction with 20-year roof warranty in place
- Across the street from new construction Chipotle & Starbucks pads
- Lease signed by tenant’s corporate entity – Heartland Dental, LLC
- Signalized hard corner intersection – 18,000 combined VPD
- Dense residential demographics – 147,000 residents within a 5-mile radius of the subject property
EXECUTIVE SUMMARY
A corporate Heartland Dental with a 10-year base term lease featuring 10% rental increases every 5 years and 3, 5-year options to extend at matching increases. The subject property is an outparcel to a heavily trafficked Price Chopper location – ranked in the top 16% of grocery stores nationwide in terms of annual visitors (per Placer.ai) – and is down the street from a heavily trafficked Home Depot location – ranked in the top 5% of home improvement stores nationwide (per Placer.ai).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Building Class
B
Year Built
2023
Price
$3,832,290 CAD
Price Per SF
$912.45 CAD
Cap Rate
6.50%
NOI
$249,099 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.22 AC
Frontage
270’ on Bannister Rd
NEARBY MAJOR RETAILERS
1 of 5
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Heartland Dental | 5675 E Bannister Rd
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