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HEARTLAND DENTAL 214 E McClain Ave

4,400 SF Office Building Scottsburg, IN 47170 $828,178 ($188/SF) 7.50% Cap Rate

Medical Offices Indiana Scottsburg 214 E McClain Ave, Scottsburg, IN 47170

Investment Highlights

  • HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,700 locations & 2,800 doctors.
  • LONG-TERM LOCATION COMMITMENT: Heartland signed a 10-year lease at the location when purchasing the business in 2021.
  • ADVANTAGEOUS PER/SF METRICS: At just $14.12/SF, the rent is well below the Indiana average for dental practices, and at a price of $188/SF.
  • $187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
  • BITE SIZE DEAL: The property offers investors the opportunity to acquire a long-term NNN lease with a national tenant at under $900,000.
  • STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice for well over a decade.

Executive Summary

Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,400 SF
Building Class
C
Year Built
1998
Price
$828,178
Price Per SF
$188
Cap Rate
7.50%
NOI
$62,113
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,400 SF
Building FAR
0.25
Land Acres
0.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Links

1 of 1

PROPERTY TAXES

Parcel Number 72-05-20-240-068.000-008 Improvements Assessment $187,000
Land Assessment $44,900 Total Assessment $231,900

PROPERTY TAXES

Parcel Number
72-05-20-240-068.000-008
Land Assessment
$44,900
Improvements Assessment
$187,000
Total Assessment
$231,900
(310) 955-1774

  • Listing ID: 34123200

  • Date on Market: 12/7/2024

  • Last Updated:

  • Address: 214 E McClain Ave, Scottsburg, IN 47170

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HEARTLAND DENTAL | 214 E McClain Ave
(310) 955-1774 x

HEARTLAND DENTAL | 214 E McClain Ave

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Thor St John

(310) 955-1774

(310) 955-1774

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(818) 434-1106

(818) 434-1106

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