Heartland Dental | 2055 Spring Stuebner Rd
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Heartland Dental 2055 Spring Stuebner Rd
4,260 SF Retail Building Spring, TX 77389 $2,791,000 ($655/SF) 5.85% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- ATTRACTIVE LEASE FUNDAMENTALS
- HIGH GROWTH HOUSTON MSA
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 Locations
- 2022 Total Revenue was $2.8B
NEW CONSTRUCTION
- Recently constructed building to Tenant’s suit with transferable warranties
LOCATED IN HIGHLY AFFLUENT HOUSTON, TX SUBURB
- Nearly 70K people live within a 3-mile radius
- AAHI within a 3 mile radius exceeds $118K
HIGH VISIBILITY IN RETAIL NODE
- Fronting Spring Stuebner Rd (19,393 VPD) at a full access intersection
- Out parcel to Berkshire Exchange, a 352 unit apartment complex
- Over 250K SF of retail located in a mile radius (National Tenants include: Kroger, Chick-Fil-A, Wingstop, and Popeyes)
HIGH GROWTH HOUSTON MSA
- Houston MSA is considered the 2nd fastest growing metro in the Country (1.5% annual population growth)
- 7th Largest Metro Economy
- 26 Fortune 500 companies are headquartered in Houston
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 Locations
- 2022 Total Revenue was $2.8B
NEW CONSTRUCTION
- Recently constructed building to Tenant’s suit with transferable warranties
LOCATED IN HIGHLY AFFLUENT HOUSTON, TX SUBURB
- Nearly 70K people live within a 3-mile radius
- AAHI within a 3 mile radius exceeds $118K
HIGH VISIBILITY IN RETAIL NODE
- Fronting Spring Stuebner Rd (19,393 VPD) at a full access intersection
- Out parcel to Berkshire Exchange, a 352 unit apartment complex
- Over 250K SF of retail located in a mile radius (National Tenants include: Kroger, Chick-Fil-A, Wingstop, and Popeyes)
HIGH GROWTH HOUSTON MSA
- Houston MSA is considered the 2nd fastest growing metro in the Country (1.5% annual population growth)
- 7th Largest Metro Economy
- 26 Fortune 500 companies are headquartered in Houston
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,260 SF
Building Class
B
Year Built
2021
Price
$2,791,000
Price Per SF
$655
Cap Rate
5.85%
NOI
$163,293
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.14 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1373870010004 | Improvements Assessment | $1,109,059 |
| Land Assessment | $749,520 | Total Assessment | $1,858,579 |
PROPERTY TAXES
Parcel Number
1373870010004
Land Assessment
$749,520
Improvements Assessment
$1,109,059
Total Assessment
$1,858,579
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Heartland Dental | 2055 Spring Stuebner Rd
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