Heartland Dental N112W16286W1628 Mequon Rd 4,325 SF Office Building Germantown, WI 53022 $2,910,000 ($672.83/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
- 10 Percent Rental Increases Every Five Years
- Located Along Mequon Road, Germantown’s Primary Thoroughfare with Direct Access to Interstates 41 and 43
- Outparcel Location in Pick ‘n Save Grocery Store Anchored Shopping Center
- 53,384 Residents within a Five-Mile Radius - Growing Trade Area in the Milwaukee MSA
- Surrounded by National Tenants: Starbucks, McDonald’s, Ace Hardware, Verizon, Walgreens, Chase Bank, and More
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. Heartland Dental is focused on positively impacting dentistry with the goal of offering dentists the freedom to focus on their craft. This culture is sustained with continuing education and ongoing leadership development at all levels of the organization.
Heartland Dental has expanded to over 20,000 team members in over 1,800 supported office with over 2,400 supported doctors across 38 states. They are able to differentiate themselves from competition to become what they are today. They provide dentists, hygienists, and non-clinical team members with world-class non-clinical administrative and operational support to help them achieve sustainable professional and financial growth.
Germantown is a village in Wisconsin’s Washington County, part of the Milwaukee metropolitan area. The village is home to an estimated 21,000 residents with its population continuing to grow. Several new housing communities have been developed in recent years, including Wrenwood, Harvest Hills, and Kinderberg Estates, as well as numerous senior living communities.
Heartland Dental has expanded to over 20,000 team members in over 1,800 supported office with over 2,400 supported doctors across 38 states. They are able to differentiate themselves from competition to become what they are today. They provide dentists, hygienists, and non-clinical team members with world-class non-clinical administrative and operational support to help them achieve sustainable professional and financial growth.
Germantown is a village in Wisconsin’s Washington County, part of the Milwaukee metropolitan area. The village is home to an estimated 21,000 residents with its population continuing to grow. Several new housing communities have been developed in recent years, including Wrenwood, Harvest Hills, and Kinderberg Estates, as well as numerous senior living communities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,325 SF
Building Class
B
Year Built
2020
Price
$2,910,000
Price Per SF
$672.83
Cap Rate
5.35%
NOI
$155,700
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,325 SF
Building FAR
0.11
Lot Size
0.87 AC
1 of 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | GTNV-224986003 | Improvements Assessment | $1,081,500 |
| Land Assessment | $380,000 | Total Assessment | $1,461,500 |
