Heartland Dental | 8350 Hansen Ave
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Heartland Dental 8350 Hansen Ave
4,260 SF Office Building Shakopee, MN 55379 £2,195,555 (£515/SF) 6.35% Net Initial Yield
Investment Highlights
- Long 10-year primary lease term with four five-year options provides income stability
- Heartland Dental, supported by KKR, the largest dental support organization in the U.S., with 1,800+ practices
- Heartland Dental manages most property expenses, with minimal obligations for the landlord, ensuring a largely passive income stream
- More than 1,800 supported dental offices in 38 states
Executive Summary
Located in Shakopee’s retail hub on Hansen Avenue, the 4,262-SF building benefits from robust regional demand for healthcare services. This modern dental office was constructed to meet Heartland Dental’s specific operational needs, ensuring efficient use of space and long-term tenant satisfaction in a well-maintained facility. Heartland Dental’s affiliation with KKR provides solid creditworthiness, supporting secure returns. Lease features scheduled 10% rent increases every five years, enhancing long-term income. Positioned near U.S. Highway 169, with traffic counts exceeding 66,000 AADT, providing high visibility. Located near other major retail and service providers, the property attracts consistent footfall year-round.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,260 SF
Building Class
B
Year Built
2022
Price
£2,195,555
Price Per SF
£515
Net Initial Yield
6.35%
NOI
£139,394
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,260 SF
Building FAR
0.07
Land Acres
1.32 AC
Parking
42 Spaces (9.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 27-431-001-0 | Improvements Assessment | £483,197 |
| Land Assessment | £920,348 | Total Assessment | £1,403,545 |
PROPERTY TAXES
Parcel Number
27-431-001-0
Land Assessment
£920,348
Improvements Assessment
£483,197
Total Assessment
£1,403,545
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Power Broker Michael Yuras -
Power Broker Ryan Forsyth -
Jack Hinson -
Power Broker Vincent Aicale -
Power Broker Scott Crowle -
Cushman & Wakefield
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Heartland Dental | 8350 Hansen Ave
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