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HEARTLAND DENTAL 3701 N Everett Rd

2,216 SF Office Building Muncie, IN 47304 $464,558 ($210/SF) 7.50% Cap Rate

Investment Highlights

  • HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,700 locations & 2,800 doctor.
  • LONG-TERM LOCATION COMMITMENT: Heartland signed a 10-year lease at the location when purchasing the business in 2020.
  • ADVANTAGEOUS PER/SF METRICS: At just $15.72/SF, the rent is well below the Indiana average for dental practices.
  • $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 $500,000.
  • 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, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,216 SF
Building Class
C
Year Built
1994
Price
$464,558
Price Per SF
$210
Cap Rate
7.50%
NOI
$34,842
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,216 SF
Building FAR
0.06
Land Acres
0.92 AC
Parking
14 Spaces (6.32 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Kitchen
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-07-31-426-020.000-003
Land Assessment
$85,100
Improvements Assessment
$191,000
Total Assessment
$276,100
  • Listing ID: 34123155

  • Date on Market: 12/7/2024

  • Last Updated:

  • Address: 3701 N Everett Rd, Muncie, IN 47304

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