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4033 Fountain Ln - Heartland Dental | 10Yr Absolute NNN 4,503 SF Health Care Building Offered at $3,709,593 at a 5.40% Cap Rate in Horn Lake, MS 38637
Investment Highlights
- BEST IN CLASS TENANT- Heartland is the country’s largest network of dental practices with over 1,800 locations, 2,800 doctors, and 20,000 employees.
- ROBUST & GROWING RETAIL CORRIDOR – The property sits within an extremely well positioned retail corridor that has sprouted up over the past decade.
- ABSOLUTE NNN LEASE- Healthcare properties are rarely offered as completely hands off investments with no landlord responsibilities.
- RECESSION RESISTANT, $187 BILLION INDUSTRY- Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- HIGH GROWTH MARKET WITHIN MEMPHIS MSA- The NW Mississippi suburbs of Memphis have boasted strong growth over the past five years.
- SPECIALIZED USE & TENANT INVESTMENT IN LOCATION- Practices tend to stay put due to difficulty in retaining the same patients after moving.
Executive Summary
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
Property Facts
| Price | $3,709,593 | Building Size | 4,503 SF |
| Price Per Bed | $3,709,593 | No. Beds | 1 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.40% | Year Built | 2024 |
| Property Type | Health Care |
| Price | $3,709,593 |
| Price Per Bed | $3,709,593 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Property Type | Health Care |
| Building Size | 4,503 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2024 |
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Property Taxes
| Parcel Number | 1089320000000101 | Improvements Assessment | $0 |
| Land Assessment | $6,523 | Total Assessment | $6,523 |
Property Taxes
Parcel Number
1089320000000101
Land Assessment
$6,523
Improvements Assessment
$0
Total Assessment
$6,523
Contacts
-
Thor St John -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
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4033 Fountain Ln - Heartland Dental | 10Yr Absolute NNN
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