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Heartland Dental 2271 FM 663 4,260 SF Office Building Midlothian, TX 76065 $4,061,000 ($953.29/SF) 5.15% Cap Rate
Investment Highlights
- GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR
- POSITIONED NEAR MAJOR CONSUMER DRIVERS
- LARGEST DENTAL ORGANIZATION GUARANTY
Executive Summary
RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
DALLAS-FORT WORTH MSA
- Dallas-Fort Worth-Arlington, TX MSA is the fourth most populous MSA in the Country at over 8 Million people
- Per the U.S. Census Bureau, the Dallas-Fort Worth MSA is the fastest growing metro area in the Country
- According to a report by Henley and Partners, the Dallas-Fort Worth area was the 18th wealthiest city in the world in 2022
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
POSITIONED NEAR MAJOR CONSUMER DRIVERS
- Site is surrounded by schools and universities
- Located under half a mile is Navarro College - Midlothian, 1,000+ students and almost 5,000 employees
- Just under a mile from Jean Coleman Elementary School with 600+ students and Methodist Midlothian Medical Center, a $90 million dollar facility with 80+ beds
GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR
- Fronting FM 663 (32,053 AADT) and approximately a quarter mile to Hwy 287 (62K AADT)
- Over 483K SF of retail space within a 1-mile radius boasting a 1.1% vacancy rate (costar data)
- Nearby National Tenants include: Kroger Marketplace, Aldi, Petco, Ross Dress for Less, and more
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
DALLAS-FORT WORTH MSA
- Dallas-Fort Worth-Arlington, TX MSA is the fourth most populous MSA in the Country at over 8 Million people
- Per the U.S. Census Bureau, the Dallas-Fort Worth MSA is the fastest growing metro area in the Country
- According to a report by Henley and Partners, the Dallas-Fort Worth area was the 18th wealthiest city in the world in 2022
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
POSITIONED NEAR MAJOR CONSUMER DRIVERS
- Site is surrounded by schools and universities
- Located under half a mile is Navarro College - Midlothian, 1,000+ students and almost 5,000 employees
- Just under a mile from Jean Coleman Elementary School with 600+ students and Methodist Midlothian Medical Center, a $90 million dollar facility with 80+ beds
GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR
- Fronting FM 663 (32,053 AADT) and approximately a quarter mile to Hwy 287 (62K AADT)
- Over 483K SF of retail space within a 1-mile radius boasting a 1.1% vacancy rate (costar data)
- Nearby National Tenants include: Kroger Marketplace, Aldi, Petco, Ross Dress for Less, and more
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,260 SF
Building Class
B
Year Built
2024
Price
$4,061,000
Price Per SF
$953.29
Cap Rate
5.15%
NOI
$209,151
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,260 SF
Building FAR
0.05
Lot Size
2.05 AC
Zoning
C1 - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Heartland Dental
- Administrative and Support Services
- 4,260 SF
- -
- Triple Net
- Sep 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Heartland Dental | Administrative and Support Services | 4,260 SF | - | Triple Net | Sep 2036 |
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Heartland Dental | 2271 FM 663
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