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Heartland Dental 5675 Bannister rd

4,200 SF Retail Building Kansas City, MO 64137 £2,274,687 (£542/SF) 6.25% Net Initial Yield

Investment Highlights

  • Accessible Location on Highly Trafficked Road
  • Attractive Lease Fundamentals
  • Corporate Guaranty From Credit Worthy Tenant

Executive Summary

Strategically Located in Retail Node
- Outparcel to a recently relocated Price Chopper Store (relocated for a larger footprint)
- Over 732K SF of retail space within a 1-mile radius
- Nearby national retailers include: Price Choppers, Home Depot, Taco Bell, Hardee’s, Wendy’s, and Firestone
Doorstep of Oracle Cerner Innovations Campus
- Subject site is located directly across the street from Oracle’s new Cerner Innovation Campus, a $1B, Class-A Office Development
- 290 acre - 3.7MSF campus that houses an estimated 16K employees
- Recent consolidation of two other campuses
Accessible Location on Highly Trafficked Road
- Fronting Bannister Rd (17,718 VPD) with cross access through the Shopping Center at two full access intersections
- Directly off of interstate 435 (85K VPD)
- On the corner of a lighted intersection of Bannister Rd and Hillcrest Rd (22K VPD)
Attractive Lease Fundamentals
- NN Lease provides minimal landlord responsibilities (New Roof)
- Corporate Guaranty by Heartland Dental
- 10% Rental increases every 5 years, including option periods
Corporate Guaranty From Credit Worthy Tenant
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 locations
- 2023 Total revenue was $3B
New Construction
- The building was recently constructed
- Transferable roof warranties in place

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Year Built
2023
Price
£2,274,687
Price Per SF
£542
Net Initial Yield
6.25%
NOI
£142,162
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
1.22 AC
  • Listing ID: 33152238

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 5675 Bannister rd, Kansas City, MO 64137

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