Single-Tenant Office Medical
Heartland Dental
4585 Ledge Rock Dr, Johnstown, CO 80534
Listing Price: $3,266,667
Cap Rate
5.85%
Tenant Name
Heartland Dental
Years Remaining On Lease
10.1
Gross SF
4,200
Guarantor
Corporate Guarantee
Rentable SF
4,200
Price/Gross SF
$777.78
Lease Type
Double Net
Rent Per Square Feet
$45.50
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a brand new Heartland Dental in Johnstown, CO
Investment Highlights
- 10 years remaining on double-net (NN) lease of a freestanding Heartland Dental in Johnstown, CO. The lease includes 3 x 5-year options and 10% rent increases every 5 years.
- The tenant is the corporate entity of Heartland Dental, the largest dental support organization in the US. Heartland Dental supports 1,700 dentist offices nationwide.
- The subject property is currently under construction set to be completed in late 2024.
- Heartland Dental is part of a new 200-acre mixed-use development, Ledge Rock Center. Once completed, the Ledge Rock Center will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail.
- The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.
Exclusively Listed By
Listing Price: $3,266,667
Cap Rate
5.85%
Tenant Name
Heartland Dental
Years Remaining On Lease
10.1
Gross SF
4,200
Guarantor
Corporate Guarantee
Rentable SF
4,200
Price/Gross SF
$777.78
Lease Type
Double Net
Rent Per Square Feet
$45.50
Investment Highlights
- 10 years remaining on double-net (NN) lease of a freestanding Heartland Dental in Johnstown, CO. The lease includes 3 x 5-year options and 10% rent increases every 5 years.
- The tenant is the corporate entity of Heartland Dental, the largest dental support organization in the US. Heartland Dental supports 1,700 dentist offices nationwide.
- The subject property is currently under construction set to be completed in late 2024.
- Heartland Dental is part of a new 200-acre mixed-use development, Ledge Rock Center. Once completed, the Ledge Rock Center will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail.
- The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a brand new Heartland Dental in Johnstown, CO