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Single-Tenant Office Medical

Heartland Dental

2509 Chester Blvd, Richmond, IN 47374

Listing Price: $3,426,500

Cap Rate
5.65%
Tenant Name
Heartland Dental
Years Remaining On Lease
11.6
Gross SF
4,400
Guarantor
Corporate Guarantee
Rentable SF
4,400
Price/Gross SF
$778.75
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.

The city of Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.

Investment Highlights

  • Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2025 Construction
  • Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's
  • Down the Road from 800,000-Square-Foot Reid Hospital Regional Medical Center with 189 Beds and Approximately 3,500 Employees
  • Adjacent to Approximately 5,100 Students at Indiana University East, Ivy Tech Community College, and Purdue Polytechnic University
  • Easily Accessible Location Along Chester Blvd (Approximately 19,740 Cars per Day) and Immediately Off Interstate 70, Connecting Richmond to Indianapolis and Dayton, Ohio

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Financing By

Single-Tenant Office Medical

Heartland Dental

Listing Price: $3,426,500

Cap Rate
5.65%
Tenant Name
Heartland Dental
Years Remaining On Lease
11.6
Gross SF
4,400
Guarantor
Corporate Guarantee
Rentable SF
4,400
Price/Gross SF
$778.75
Lease Type
Absolute Net
Rent Per Square Feet
$44.00

Investment Highlights

  • Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2025 Construction
  • Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's
  • Down the Road from 800,000-Square-Foot Reid Hospital Regional Medical Center with 189 Beds and Approximately 3,500 Employees
  • Adjacent to Approximately 5,100 Students at Indiana University East, Ivy Tech Community College, and Purdue Polytechnic University
  • Easily Accessible Location Along Chester Blvd (Approximately 19,740 Cars per Day) and Immediately Off Interstate 70, Connecting Richmond to Indianapolis and Dayton, Ohio

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. The city of Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

Financing By

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