Heartland Dental | Houston MSA | Fry Rd & West Rd
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Heartland Dental | Houston MSA Fry Rd & West Rd
4,388 SF Office Building Cypress, TX 77433 £2,516,359 (£573/SF) 6% Net Initial Yield
Investment Highlights
- Leased to Heartland Dental for 10 years plus three (3) five-year options
- Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,700 supported dental offices located in 38 states
- Heartland Dental continues impressive national growth with 94 new locations opened in 2023
- 10% fixed rental increases every five years in initial term and extension terms
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
Executive Summary
This Heartland Dental is located near the signalized hard corner of Fry Road and West Road, which experiences a high-traffic count of 43,755. Part of Miramesa master planned community, one of the top-25 master planned communities in the nation based on net home sales.
Prime location near the new Miramesa Town Center retail development and excellent proximity to the Bridgeland development, a 11,401- acre community with 20,000 homes and approximately 65,000 residents. Projected 13% average annual household income increase within five miles of the site in the next five years, poising Heartland Dental and Cypress for significant concurrent growth.
This Heartland Dental is located in an extremely affluent region, with an average annual household income of $174,649 within a one-mile radius. Within a five-mile radius of the site the population count is 240,168, with an expected 6% increase by 2028.
Prime location near the new Miramesa Town Center retail development and excellent proximity to the Bridgeland development, a 11,401- acre community with 20,000 homes and approximately 65,000 residents. Projected 13% average annual household income increase within five miles of the site in the next five years, poising Heartland Dental and Cypress for significant concurrent growth.
This Heartland Dental is located in an extremely affluent region, with an average annual household income of $174,649 within a one-mile radius. Within a five-mile radius of the site the population count is 240,168, with an expected 6% increase by 2028.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,388 SF
Building Class
A
Year Built
2024
Price
£2,516,359
Price Per SF
£573
Net Initial Yield
6%
NOI
£150,946
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,388 SF
Building FAR
0.07
Lot Size
1.40 AC
PROPERTY TAXES
| Parcel Number | 1382220010002 | Improvements Assessment | £0 |
| Land Assessment | £478,499 | Total Assessment | £478,499 |
PROPERTY TAXES
Parcel Number
1382220010002
Land Assessment
£478,499
Improvements Assessment
£0
Total Assessment
£478,499
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Heartland Dental | Houston MSA | Fry Rd & West Rd
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