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HEARTLAND DENTAL 3701 N Everett Rd

2,216 SF Office Building Muncie, IN 47304 £363,493 (£164/SF) 7.50% Net Initial Yield

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Investment Highlights

HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,700 locations & 2,800 doctor.
LONG-TERM LOCATION COMMITMENT: Heartland signed a 10-year lease at the location when purchasing the business in 2020.
ADVANTAGEOUS PER/SF METRICS: At just $15.72/SF, the rent is well below the Indiana average for dental practices.

$187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
BITE SIZE DEAL: The property offers investors the opportunity to acquire a long-term NNN lease with a national tenant at under $500,000.
STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice for well over a decade.

Executive Summary

Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

2,216 SF

Building Class

Year Built

1994

Price

£363,493

Price Per SF

£164

Net Initial Yield

7.50%

NOI

£27,262

Tenancy

Single

Number of Floors

Typical Floor Size

2,216 SF

Building FAR

0.06

Land Acres

0.92 AC

Parking

14 Spaces (6.32 Spaces per 1,000 SF Leased)

Amenities

Signage

Kitchen

Air Conditioning

PROPERTY TAXES

Parcel Number	18-07-31-426-020.000-003	Improvements Assessment	£149,448
Land Assessment	£66,586	Total Assessment	£216,034

PROPERTY TAXES

Parcel Number

18-07-31-426-020.000-003

Land Assessment

£66,586

Improvements Assessment

£149,448

Total Assessment

£216,034

Listing ID: 34123155
Date on Market: 07/12/2024
Last Updated:
Address: 3701 N Everett Rd, Muncie, IN 47304

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3701 N Everett Rd, Muncie, IN for sale Primary Photo- Image 1 of 4 — Innovative Dental Care of Muncie - Munie, IN - Hero 1 wm

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