Log In/Sign Up
Your email has been sent.
Heartland Dental | 12-Yr Abs NNN 2509 Chester Blvd 4,400 SF Retail Building Richmond, IN 47374 $3,426,500 ($778.75/SF) 5.65% Cap Rate
Investment Highlights
- Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
- New High-Quality 2025 Construction
- Down the Road from 800,000-Square-Foot Reid Hospital Regional Medical Center with 189 Beds and Approximately 3,500 Employees
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's
- Adjacent to Approximately 5,100 Students at Indiana University East, Ivy Tech Community College, and Purdue Polytechnic University
Executive Summary
Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support.
The city of Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.
The city of Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,400 SF
Year Built
2025
Price
$3,426,500
Price Per SF
$778.75
Cap Rate
5.65%
NOI
$193,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.93 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Alex Frankel -
Zack House -
Mark Ruble -
Christopher Lind -
Julia Evinger -
Marcus & Millichap
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
