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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
- Incredible Inflation Hedge: The new 10% rent increase schedule in years 6, 11, and 13 would grow the rent by over 33%
Executive Summary
Phillip Carpenter
License # 8906, C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- $44.40
- Triple Net
- Jan 2036
Heartland Dental began in 1997 as a dental support organization built to provide non-clinical administrative support to dental practices. The company supports dentists and dental teams with business operations, staffing, marketing, and supplies while preserving clinical independence for supported doctors. Heartland Dental also emphasizes education, leadership development, and technology-enabled systems that help supported practices operate more efficiently. Over time, the company has grown into a broad network of supported offices across the United States and remains focused on the business side of dentistry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $44.40 | Triple Net | Jan 2036 |
Property Taxes
| Parcel Number | 1089322600000500 | Improvements Assessment | $127,865 |
| Land Assessment | $39,988 | Total Assessment | $167,853 |
Property Taxes
Contacts
-
Thor St John -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
Presented by
Heartland Dental | 4033 Fountain Ln
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