Heartland Dental 100 Hansen Blvd
3,756 SF Retail Building North Aurora, IL 60542 $2,648,000 ($705/SF) 6.25% Cap Rate
![100 Hansen Blvd, North Aurora, IL for sale - Building Photo - Image 1 of 5](https://images1.loopnet.com/i2/EL_MLMkqjdX-6rgBeFaXO_kSfbZc-KvMjp5kuec3w4g/110/100-Hansen-Blvd-North-Aurora-IL-Building-Photo-1-Large.jpg)
![100 Hansen Blvd, North Aurora, IL for sale - Building Photo - Image 2 of 5](https://images1.loopnet.com/i2/oWLy08Mdt10AGqkAZ53tTuuGC4dWLxB3drdzP1aBs94/110/100-Hansen-Blvd-North-Aurora-IL-Building-Photo-2-Large.jpg)
![100 Hansen Blvd, North Aurora, IL for sale - Building Photo - Image 3 of 5](https://images1.loopnet.com/i2/xlcPzsooVRhIPEbYFtgyvEiAEvaHAf4dpLC1w9HHulM/110/100-Hansen-Blvd-North-Aurora-IL-Building-Photo-3-Large.jpg)
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
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
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![Woodman's Food Markets Woodman's Food Markets](https://images1.loopnet.com/i2/0Ud6BblR6ukWnoI91lp1VnvJ2IdMelakMuwm1jbbtYg/105/image.png)
![Anytime Fitness Anytime Fitness](https://images1.loopnet.com/i2/t3RNkWYXc5vmPmd1J90Q5tui2LR1yrLWIdo-4j_02AE/105/image.jpg)
![UFC Gym UFC Gym](https://images1.loopnet.com/i2/8_kweNHR0ylsU6Ajf60JdM5Wc_AKt5IlLOwG2LuRQ2Q/105/image.jpg)
PROPERTY TAXES
Parcel Number | 15-06-155-011 | Improvements Assessment | $257,371 |
Land Assessment | $155,520 | Total Assessment | $412,891 |