Heartland Dental 2271 FM 663 4,260 SF Retail Building Midlothian, TX 76065 $4,183,000 ($981.92/SF) 5% 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

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
4,260 SF
Year Built
2024
Price
$4,183,000
Price Per SF
$981.92
Cap Rate
5%
NOI
$209,151
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.05 AC

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

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Bank Of America
MOD Pizza
Chili's Grill & Bar
Kroger
Salata
Chicken Salad Chick
  • Listing ID: 34926713

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 2271 FM 663, Midlothian, TX 76065