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Single-Tenant Office Medical

Heartland Dental

12901 US Hwy 41, Evansville, IN 47725

Listing Price: $2,422,000

Cap Rate
5.35%
Tenant Name
Diamond Valley Dental
Years Remaining On Lease
10.0
Gross SF
3,846
Guarantor
Corporate Guarantee
Rentable SF
3,846
Price/Gross SF
$629.75
Lease Type
Absolute Net
Rent Per Square Feet
$33.70

Investment Overview

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 worldclass non-clinical administrative and operational support to help them achieve sustainable professional and financial growth.

As the third largest city in Indiana, Evansville is the regional hub in the southwestern corner of the state. Located along the Ohio River, it’s an easy drive from several large metropolitan areas such as Indianapolis, Cincinnati, Louisville, Nashville, and St. Louis. The City of Evansville, Indiana, was founded in 1812 on
a scenic bend in the Ohio River. With a population of nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, the city is known for its rich history, economic diversity, and vibrant cultural scene.

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Located in Darmstadt Crossing Shopping Center Anchored by Schnucks Grocery Store
  • 10 Percent Rental Increases Every Five Years
  • Excellent Visibility Along US Highway 41 with Over 24,000 Vehicles per Day
  • Central Location within 10 Miles of Evansville Regional Airport, Downtown Evansville, and University of Evansville
  • Surrounded by National Tenants: Schnucks, Wendy's, Ace Hardware, CVS Pharmacy, Valvoline, as well as Several Financial and Banking Institutions
  • High Income Area with Average Annual Income Exceeding $152,000 within One-Mile
  • 159,700+ Residents and 189,000+ Daytime Employees within a Ten-Mile Radius - Growing Trade Area with Population Projected to Increase 3 – 4% by 2028

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office Medical

Heartland Dental

Listing Price: $2,422,000

Cap Rate
5.35%
Tenant Name
Diamond Valley Dental
Years Remaining On Lease
10.0
Gross SF
3,846
Guarantor
Corporate Guarantee
Rentable SF
3,846
Price/Gross SF
$629.75
Lease Type
Absolute Net
Rent Per Square Feet
$33.70

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Located in Darmstadt Crossing Shopping Center Anchored by Schnucks Grocery Store
  • 10 Percent Rental Increases Every Five Years
  • Excellent Visibility Along US Highway 41 with Over 24,000 Vehicles per Day
  • Central Location within 10 Miles of Evansville Regional Airport, Downtown Evansville, and University of Evansville
  • Surrounded by National Tenants: Schnucks, Wendy's, Ace Hardware, CVS Pharmacy, Valvoline, as well as Several Financial and Banking Institutions
  • High Income Area with Average Annual Income Exceeding $152,000 within One-Mile
  • 159,700+ Residents and 189,000+ Daytime Employees within a Ten-Mile Radius - Growing Trade Area with Population Projected to Increase 3 – 4% by 2028

Investment Overview

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 worldclass non-clinical administrative and operational support to help them achieve sustainable professional and financial growth. As the third largest city in Indiana, Evansville is the regional hub in the southwestern corner of the state. Located along the Ohio River, it’s an easy drive from several large metropolitan areas such as Indianapolis, Cincinnati, Louisville, Nashville, and St. Louis. The City of Evansville, Indiana, was founded in 1812 on a scenic bend in the Ohio River. With a population of nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, the city is known for its rich history, economic diversity, and vibrant cultural scene.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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