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HEARTLAND DENTAL 900 52nd St SW

4,434 SF Office Building Wyoming, MI 49509 £910,906 (£205/SF) 7.72% 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.
  • STRONG INFLATION HEDGE: The tenants have 1.5% and 2.5% annual rent increases, offering investors the ability to keep pace with inflation over time.
  • STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice since 2011.
  • $187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
  • LONG-TERM LOCATION COMMITMENT: Heartland signed a 10 year lease at the location when purchasing the business in 2022.
  • HIGH TRAFFIC THROUGHFARE: The property sits off of Clyde Park Ave, which sees over 16,000 cars per day.

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
Office
Building Size
4,434 SF
Building Class
B
Year Built
2011
Price
£910,906
Price Per SF
£205
Net Initial Yield
7.72%
NOI
£70,320
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,434 SF
Building FAR
0.11
Lot Size
0.93 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-18-32-101-058
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£341,539
  • Listing ID: 34123182

  • Date on Market: 07/12/2024

  • Last Updated:

  • Address: 900 52nd St SW, Wyoming, MI 49509

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