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Heartland Dental - Wadsworth, OH 950 High St 4,903 SF Office Building Wadsworth, OH 44281 $2,885,802 CAD ($588.58 CAD/SF) 7.50% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- MEDINA COUNTY
- PURPOSE-BUILT DENTAL FACILITY
- INDUSTRY-LEADING SCALE & MARKET POSITION
- STEADY LONG-TERM POPULATION GROWTH
- NORTHEAST OHIO REGIONAL CONNECTIVITY
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,903-square-foot net-leased medical asset located at 950 High Street in Wadsworth, Ohio. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 4.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the renewal options, providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 1974 as a purpose-built dental facility, the property occupies a highly visible position along High Street (State Route 94), Wadsworth’s primary commercial corridor, which carries approximately 26,600 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, Aldi, Starbucks, McDonald’s, Wendy’s, Home Depot, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 12 miles southwest of Akron and 38 miles south of Cleveland, Wadsworth is one of Northeast Ohio’s most desirable suburban communities and serves as a major residential and service hub within affluent Medina County. Supported by strong household incomes, continued residential growth, and convenient access to the broader Akron-Cleveland metropolitan area, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Ohio’s strongest suburban markets.
Constructed in 1974 as a purpose-built dental facility, the property occupies a highly visible position along High Street (State Route 94), Wadsworth’s primary commercial corridor, which carries approximately 26,600 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, Aldi, Starbucks, McDonald’s, Wendy’s, Home Depot, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 12 miles southwest of Akron and 38 miles south of Cleveland, Wadsworth is one of Northeast Ohio’s most desirable suburban communities and serves as a major residential and service hub within affluent Medina County. Supported by strong household incomes, continued residential growth, and convenient access to the broader Akron-Cleveland metropolitan area, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Ohio’s strongest suburban markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
4,903 SF
Building Class
B
Year Built
1974
Price
$2,885,802 CAD
Price Per SF
$588.58 CAD
Cap Rate
7.50%
NOI
$216,486 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,903 SF
Building FAR
0.14
Lot Size
0.79 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 | 040-20A-04-049 | Improvements Assessment | $1,016,282 CAD |
| Land Assessment | $131,661 CAD | Total Assessment | $1,147,943 CAD |
Property Taxes
Parcel Number
040-20A-04-049
Land Assessment
$131,661 CAD
Improvements Assessment
$1,016,282 CAD
Total Assessment
$1,147,943 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Atlantic Capital Partners
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Heartland Dental - Wadsworth, OH | 950 High St
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