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Single-Tenant Office Medical

Corporate Heartland Dental (1,600+ Locations)

654 Central Ave E, Saint Michael, MN 55376

Listing Price: $2,399,454

Cap Rate
6.50%
Tenant Name
Town Center Dental Care
Years Remaining On Lease
5.1
Gross SF
4,273
Guarantor
Corporate Guarantee
Rentable SF
4,273
Price/Gross SF
$561.54
Lease Type
Double Net
Rent Per Square Feet
$36.50

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.
St. Michael is located in Minnesota’s Wright County, northwest of Minneapolis within the Minneapolis-St. Paul “Twin Cities” metropolitan area.

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Adjacent to CVS and Cub Foods Grocery Store and in Close Proximity to New Multifamily Developments
  • 10 Percent Rental Increases Every Five Years
  • 47,134 Residents within a Five-Mile Radius in the Minneapolis MSA
  • Population and Households Projected to Increase 9-10% in the Surrounding Area Over the Next Five Years

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Single-Tenant Office Medical

Corporate Heartland Dental (1,600+ Locations)

Listing Price: $2,399,454

Cap Rate
6.50%
Tenant Name
Town Center Dental Care
Years Remaining On Lease
5.1
Gross SF
4,273
Guarantor
Corporate Guarantee
Rentable SF
4,273
Price/Gross SF
$561.54
Lease Type
Double Net
Rent Per Square Feet
$36.50

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Adjacent to CVS and Cub Foods Grocery Store and in Close Proximity to New Multifamily Developments
  • 10 Percent Rental Increases Every Five Years
  • 47,134 Residents within a Five-Mile Radius in the Minneapolis MSA
  • Population and Households Projected to Increase 9-10% in the Surrounding Area Over the Next Five Years

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. St. Michael is located in Minnesota’s Wright County, northwest of Minneapolis within the Minneapolis-St. Paul “Twin Cities” metropolitan area.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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