Skip to main content

Single-Tenant Office Medical

Heartland Dental

56060 Van Dyke Ave, Shelby Township, MI 48316

Listing Price: $3,528,000

Cap Rate
5.45%
Tenant Name
Cherry Creek Dental Care
Years Remaining On Lease
9.9
Gross SF
4,370
Guarantor
Corporate Guarantee
Rentable SF
4,370
Price/Gross SF
$807.32
Lease Type
Absolute Net
Rent Per Square Feet
$44.00

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.

Located in west Macomb County, 20 miles north of Detroit and eight miles west of Anchor Bay, Shelby Township is home to roughly 75,000 residents. The township is home to 1,200 acres of parks, the 4,000-acre Stony Creek Metropark, and the Macomb Orchard Trail, a 24-mile hiking and biking path. Shelby Township is also home to several vibrant business districts that offer different options for commercial and industrial development with easy access to the township’s first-rate infrastructure as well as its affluent residential neighborhoods.

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Dense Retail Corridor Location Surrounded by National Tenants: Target, The Home Depot, Kroger, Meijer, McDonald's, and More
  • 10 Percent Rental Increases Every Five Years
  • 127,856 Residents within a Five-Mile Radius in the Detroit MSA
  • Population and Households Projected to Increase 2-3 Percent in the Surrounding Area Over the Next Five Years
  • Frontage Along Van Dyke Avenue (More Than 23,050 Cars per Day)
  • Average Household Income Exceeds $136,000 within a Three-Mile Radius
  • Within an Hour Drive of Downtown Detroit and Detroit Metropolitan Wayne County Airport

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Single-Tenant Office Medical

Heartland Dental

Listing Price: $3,528,000

Cap Rate
5.45%
Tenant Name
Cherry Creek Dental Care
Years Remaining On Lease
9.9
Gross SF
4,370
Guarantor
Corporate Guarantee
Rentable SF
4,370
Price/Gross SF
$807.32
Lease Type
Absolute Net
Rent Per Square Feet
$44.00

Investment Highlights

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Dense Retail Corridor Location Surrounded by National Tenants: Target, The Home Depot, Kroger, Meijer, McDonald's, and More
  • 10 Percent Rental Increases Every Five Years
  • 127,856 Residents within a Five-Mile Radius in the Detroit MSA
  • Population and Households Projected to Increase 2-3 Percent in the Surrounding Area Over the Next Five Years
  • Frontage Along Van Dyke Avenue (More Than 23,050 Cars per Day)
  • Average Household Income Exceeds $136,000 within a Three-Mile Radius
  • Within an Hour Drive of Downtown Detroit and Detroit Metropolitan Wayne County Airport

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. Located in west Macomb County, 20 miles north of Detroit and eight miles west of Anchor Bay, Shelby Township is home to roughly 75,000 residents. The township is home to 1,200 acres of parks, the 4,000-acre Stony Creek Metropark, and the Macomb Orchard Trail, a 24-mile hiking and biking path. Shelby Township is also home to several vibrant business districts that offer different options for commercial and industrial development with easy access to the township’s first-rate infrastructure as well as its affluent residential neighborhoods.

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

MM Texture Background
MM Textured Background Lower