Heartland Dental 100 Hansen Blvd

3,756 SF Retail Building North Aurora, IL 60542 $2,648,000 ($705/SF) 6.25% Cap Rate

INVESTMENT HIGHLIGHTS

  • Corporate backed 10 year lease term with minimal landlord responsibilities providing passive cash flow.
  • Heartland Dental is the country’s largest dental support organization with over 1,700 locations in 38 states. Total revenue eclipsed $1.2bn in 2022.
  • Average household income within 1 mile of the site is $137,500.
  • There are multiple points of entry from both Orchard and Oak Streets and interchange access to I-88 (75,900 VPD) is about 3/4 of a mile south.
  • The building was recently renovated to fit Heartland’s growing customer base, including renovations to the exterior and extensive interior build-out.

EXECUTIVE SUMMARY

Heartland Dental has had a presence in North Aurora since 2008 and is relocating from a multi-tenant medical office building in the sub-market, demonstrating their commitment to the customer base and historical profitability.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,756 SF
Building Class
B
Year Built
2008
Price
$2,648,000
Price Per SF
$705
Cap Rate
6.25%
NOI
$165,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.49 AC
Zoning
COMM
Parking
20 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
320 FT on Oak St

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Woodman's Food Markets
Anytime Fitness
UFC Gym

PROPERTY TAXES

  • Listing ID: 29950561

  • Date on Market: 11/2/2023

  • Last Updated:

  • Address: 100 Hansen Blvd, North Aurora, IL 60542