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Heartland Dental - Alabaster, AL 9132 Highway 119 3,928 SF Office Building Alabaster, AL 35007 $3,150,984 CAD ($802.19 CAD/SF) 6.75% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- 60%+ DECADE GROWTH - ALABASTER, ALABAMA
- CONTRACTUAL RENT GROWTH
- INDUSTRY-LEADING SCALE & MARKET POSITION
- AFFLUENT, GROWING TRADE AREA
- PURPOSE-BUILT DENTAL FACILITY
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 3,928-square-foot net-leased medical asset located at 9100 Highway 119 in Alabaster, Alabama. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.1 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 2017 as a purpose-built dental facility, the property occupies a highly visible position along the Highway 119 retail corridor and benefits from strong surrounding retail fundamentals, including nearby Publix, Walmart Supercenter, Walgreens, Wendy’s, Taco Bell, 7 Brew, and numerous national retailers that draw consistent consumer traffic to the corridor.
Located approximately 25 miles south of Birmingham, Alabaster is among the fastest-growing communities in the metropolitan area and serves as a major retail and service
hub for the market. Supported by affluent demographics, continued residential growth, and more than $108,000 average household income within three miles of the property, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Alabama’s strongest suburban growth markets.
Constructed in 2017 as a purpose-built dental facility, the property occupies a highly visible position along the Highway 119 retail corridor and benefits from strong surrounding retail fundamentals, including nearby Publix, Walmart Supercenter, Walgreens, Wendy’s, Taco Bell, 7 Brew, and numerous national retailers that draw consistent consumer traffic to the corridor.
Located approximately 25 miles south of Birmingham, Alabaster is among the fastest-growing communities in the metropolitan area and serves as a major retail and service
hub for the market. Supported by affluent demographics, continued residential growth, and more than $108,000 average household income within three miles of the property, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Alabama’s strongest suburban growth markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
3,928 SF
Building Class
B
Year Built
2017
Price
$3,150,984 CAD
Price Per SF
$802.19 CAD
Cap Rate
6.75%
NOI
$212,734 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,928 SF
Building FAR
0.08
Lot Size
1.14 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
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 23-6-14-2-001-001-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $446,934 CAD |
Property Taxes
Parcel Number
23-6-14-2-001-001-012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$446,934 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
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Heartland Dental - Alabaster, AL | 9132 Highway 119
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