Heartland Dental - Net Lease Property for Sale
Evansville, IN
Key Investment Metrics
Price
$3,262,000
Cap Rate
5.3%
Net Operating Income
$174,506
Building Size
4213 SF
Lot Size
4,213 SF
Land Area
0.99 Acres
Remaining Term
10.3 years
Lease Expiration
04/30/2036
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% in years 6 and 11 and each option
About This Heartland Dental Net Lease Property
This Heartland Dental NNN (triple net lease) property is located in Evansville, IN and represents an excellent investment opportunity for commercial real estate investors. The property features 4213 square feet of building space and was built in 2023.
With a cap rate of 5.3%, this Heartland Dental net lease property offers stable income potential. The asking price is $3,262,000, making it an attractive option for 1031 exchange investors seeking quality Heartland Dental commercial properties.
Why Invest in Heartland Dental NNN Properties?
- Stable Income: Heartland Dental net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Heartland Dental is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Evansville, IN Market Overview
Located in Evansville, IN, this Heartland Dental property benefits from strong local demographics and market fundamentals. The Evansville area offers excellent visibility and accessibility, making it an ideal location for Heartland Dental operations and a solid investment for net lease property buyers.