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Heartland Dental and UnityPoint Clinic 1055 SW Oralabor Rd 4,000 SF 100% Leased Retail Building Ankeny, IA 50023 $5,830,000 ($1,457.50/SF) 6.35% Cap Rate
Investment Highlights
- Investment-Grade & Institutionally Backed Tenancy
- Heartland Dental | Nation's Largest DSO
- Ankeny: One of the Fastest-Growing, Highest-Ranked Cities in America
- UnityPoint Health | Fitch AA- | Iowa's Largest Health System
- Attractive Near-Term Rent Growth + Built-In Optionality
- Des Moines MSA: Fastest-Growing Major Metro in the Midwest
Executive Summary
Strong Credit Medical Tenancy | UnityPoint Health (Fitch AA-) & Heartland Dental
Near-Term Embedded Rent Growth | NNN Leases – Minimal Landlord Responsibilities
Des Moines MSA | #1 Fastest-Growing Major Metro in the Midwest — U.S. Census Bureau (2026)
Near-Term Embedded Rent Growth | NNN Leases – Minimal Landlord Responsibilities
Des Moines MSA | #1 Fastest-Growing Major Metro in the Midwest — U.S. Census Bureau (2026)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built
2021
Price
$5,830,000
Price Per SF
$1,457.50
Cap Rate
6.35%
NOI
$370,205
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.78 AC
Frontage
180’ on Southwest Oralabor Road
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181/00424-990-082 | Improvements Assessment | $2,079,000 |
| Land Assessment | $871,000 | Total Assessment | $2,950,000 |
Property Taxes
Parcel Number
181/00424-990-082
Land Assessment
$871,000
Improvements Assessment
$2,079,000
Total Assessment
$2,950,000
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Heartland Dental and UnityPoint Clinic | 1055 SW Oralabor Rd