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4822 FM 720
Aubrey, TX 76227
Heartland Dental · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Rare 12-year absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S. with more than 1,800 supported dental offices
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Heartland Dental added 31 new practices via affiliation across 14 states in 2024, expanding their network through existing practices
- 12-year primary lease term with 10% rental increases every five years and an additional 10% increase in Year 11
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
- Heartland’s supported network delivered more than $4.2 billion in total annual revenue
EXECUTIVE SUMMARY
This property presents an excellent dental practice location, offering high visibility and easy accessibility near the signalized intersection of Oak Grove Lane and East University Drive, which experiences a combined traffic count of over 58,000 vehicles per day. The site benefits from reliable tenancy, with Heartland’s supported network generating more than $4.2 billion in annual revenue, demonstrating its scale and influence in the U.S. dental industry. The surrounding demographic base is ideal, with a five-mile radius encompassing 124,422 residents and an average household income of $152,464. The property is located outparcel to The Grove, a new 312-unit residential community at the intersection of U.S. Routes 380 and 720, offering modern one- and two-bedroom apartments. Positioned between two master-planned communities, it sits two miles south of Providence Village (10,100 residents) and three miles north of Oak Point (6,826 residents). With projected increases in both population and income within 1-, 3-, and 5-mile radii over the next five years, this Heartland Dental and Cross Roads location is well-positioned for sustained, concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
4,387 SF
Building Class
B
Year Built
2025
Price
$4,200,000
Price Per SF
$957.37
Cap Rate
5%
NOI
$210,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
Parking
28 Spaces (9.33 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R1022238 | Improvements Assessment | $0 |
| Land Assessment | $789,917 | Total Assessment | $789,917 |
PROPERTY TAXES
Parcel Number
R1022238
Land Assessment
$789,917
Improvements Assessment
$0
Total Assessment
$789,917
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