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HEARTLAND DENTAL 7960 Lewis Ave

2,890 SF 100% Leased Retail Building Temperance, MI 48182 £496,213 (£172/SF) 7.50% Net Initial Yield

Investment Highlights

  • HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,700 locations & 2,800 doctors
  • LONG-TERM LOCATION COMMITMENT: Heartland signed a 10 year lease at the location when purchasing the business in 2023.
  • ADVANTAGEOUS PER/SF METRICS: At a price of just $218/SF the property is priced below replacement cost.
  • $187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
  • ACCESSIBLE INVESTMENT OPPORTUNITY: Property offers investors the opportunity to acquire a long-term NNN lease with a national tenant at under $650,000
  • STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice for well over a decade.

Executive Summary

Matt Fitzgerald
License No. 6505432273 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,890 SF
Year Built
1998
Price
£496,213
Price Per SF
£172
Net Initial Yield
7.50%
NOI
£37,224
Percent Leased
100%
Number of Floors
1
Building FAR
0.07
Land Acres
0.95 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-026-049-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£201,672
  • Listing ID: 34123236

  • Date on Market: 07/12/2024

  • Last Updated:

  • Address: 7960 Lewis Ave, Temperance, MI 48182

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