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10 Yr Absolute NNN Heartland Dental 4033 Fountain Ln 4,503 SF Office Building Horn Lake, MS 38637 $3,545,451 ($787.35/SF) 5.65% Cap Rate
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
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$200,318
|
$44.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $200,318 |
| Annual Per SF | $44.49 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,503 SF
Building Class
B
Year Built
2024
Price
$3,545,451
Price Per SF
$787.35
Cap Rate
5.65%
NOI
$200,318
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,503 SF
Building FAR
0.10
Lot Size
1.04 AC
Parking
34 Spaces
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1089322600000500 | Improvements Assessment | $127,865 |
| Land Assessment | $39,988 | Total Assessment | $167,853 |
Property Taxes
Parcel Number
1089322600000500
Land Assessment
$39,988
Improvements Assessment
$127,865
Total Assessment
$167,853
Contacts
-
Thor St John -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
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10 Yr Absolute NNN Heartland Dental | 4033 Fountain Ln
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