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10224 E Old Vail Rd
Tucson, AZ 85747
Office Property For Sale


Investment Highlights
- New 12-year corporate absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S.
- 10% rental increases in the initial term and four (4) option periods of five (5) years each, providing a long-term income generator.
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management.
- Localized Branding Strategy: Although backed by Heartland Dental’s national infrastructure and credit strength.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Heartland’s supported network delivered $4.2 billion+ in total annual revenue, underscoring its scale and influence in the U.S. dental industry.
Executive Summary
The property occupies an ideal location for Heartland Dental at the signalized intersection of East Old Vail Road and South Houghton Road, benefiting from a combined traffic count exceeding 29,000 vehicles per day. It is positioned within Houghton Town Center, a 118-acre master-planned commercial hub anchored by national retailers such as Costco, Walmart Supercenter, Petco, and TJ Maxx. Heartland Dental’s robust network generated over $4.2 billion in annual revenue, demonstrating financial strength and stability within the U.S. dental market. The area offers an exceptional demographic base, with 54,240 residents within a five-mile radius—representing a 57% growth since 2010—and an average household income of $168,017 within one mile. This site represents a purposeful relocation from a successful end-cap position within the same development, with strong existing office performance justifying a custom-built standalone facility. Tucson’s rapid expansion further elevates the property’s appeal, as more than 5,000 new housing units commenced construction in 2025 to meet surging demand driven by continued in-migration. Projected increases in population and income within one-, three-, and five-mile trade areas position this Heartland Dental location and the broader Tucson market for sustained growth.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,260 SF
Building Class
B
Year Built
2026
Price
$4,078,000
Price Per SF
$957.28
Cap Rate
5.15%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,260 SF
Building FAR
0.09
Lot Size
1.10 AC
Parking
35 Spaces
Property Taxes
| Parcel Number | 141-18-6590 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $91,277 |
Property Taxes
Parcel Number
141-18-6590
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$91,277
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