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Heartland Dental 1189 E Pulaski Hwy 3,265 SF Office Building Elkton, MD 21921 $2,227,000 ($682.08/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly casted 10-year absolute NNN lease with a proven store, demonstrating long-term commitment to the site
- 10% rental increases every five years during the lease term and options, providing a strong hedge against inflation
- Tenant is responsible for all property expenses, including taxes, insurance, and maintenance, ensuring a completely passive investment
- Heartland Dental supports over 1,800 practices nationwide, backed by a strong financial foundation and proven operational success
EXECUTIVE SUMMARY
Situated on E Pulaski Highway, a major commercial thoroughfare, with traffic counts exceeding 26,000 AADT. The property benefits from strong exposure and accessibility to Elkton’s expanding residential and retail sectors. 10-year Absolute NNN lease with 10% rental increases every five years, providing reliable, growing income for investors. Leased to Heartland Dental, the largest dental support organization in the U.S., with over 1,800 locations nationwide, ensuring brand stability and operational expertise. Located in a high-demand retail corridor, directly across from Walmart Supercenter, surrounded by grocery stores, banks, and national retailers, ensuring steady consumer foot traffic. The 5-mile population exceeds 80,000 residents, with average household incomes of $114,568, demonstrating strong consumer spending power. Built in 2020, the 3,265 SF facility features a modern design, energy-efficient infrastructure, and high-quality finishes, minimizing maintenance costs.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
3,265 SF
Building Class
C
Year Built
2020
Price
$2,227,000
Price Per SF
$682.08
Cap Rate
5%
NOI
$111,336
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,265 SF
Building FAR
0.12
Lot Size
0.64 AC
Zoning
C2 - C2 zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels.
Parking
20 Spaces (6.13 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 03-020401 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,072,767 |
PROPERTY TAXES
Parcel Number
03-020401
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,072,767
CONTACTS
-
Michael Yuras -
Ryan Forsyth -
Jack Hinson -
Vincent Aicale -
Scott Crowle -
Cushman & Wakefield
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Heartland Dental | 1189 E Pulaski Hwy
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