x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Heartland Dental, Cypress, TX (Houston MSA)

Heartland Dental, Cypress, TX (Houston MSA)


Investment Summary

Price $3,216,000
Cap Rate 6.00%
NOI $192,915
Lease Term 15 years
Lease Type Net, with tenant responsible for all taxes, insurance and maintenance, excluding roof replacement and structure
Rental Increases 10% rental increases every five (5) years
Year Built 2024
Building Size 4,388 SF
Lot Size 0.60 acres (25,985 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

10-YEAR CORPORATE NET LEASE TO THE LARGEST DENTAL SUPPORT ORGANIZATION IN THE U.S.
» Leased to Heartland Dental for 10 years plus three (3) five-year options
» 10% fixed rental increases every five years in initial term and extension terms
» Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,700 supported dental offices located in 38 states
» Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
» Heartland Dental continues impressive national growth with 94 new locations opened in 2023

LOCATED IN A POPULOUS AND AFFLUENT REGION OF TEXAS
» Prominent location with access to 43,755 vehicles per day near the signalized hard corner of Fry Road and West Road
» Excellent average annual household income of $174,649 within a one-mile radius
» The Cypress area is one of the highest income urban areas in the United States
» Projected 13% average annual household income increase within five miles of the site in the next five years, poising Heartland Dental and Cypress for significant concurrent growth
» 240,168 residents live within a five-mile radius of the property

CENTRAL LOCATION NEAR MAJOR CYPRESS COMMUNITY HUBS
» Prime location near the new Miramesa Town Center retail development, which will be anchored by Walmart Supercenter (under construction)
» Part of Miramesa master planned community, one of the top-25 master planned communities in the nation based on net home sales
» Excellent proximity to the Bridgeland development, a 11,401-acre community with 20,000 homes and approximately 65,000 residents
» Common gateway to Downtown Houston, the fourth-most populous city in the U.S.
» 2024 construction featuring the latest Heartland Dental prototype

Property Description

» Exceptional Visibility and Access: This Heartland Dental is located near the signalized hard corner of Fry Road and West Road, which experiences a high-traffic count of 43,755 vehicles per day
» Excellent Location: Part of Miramesa master planned community, one of the top-25 master planned communities in the nation based on net home sales
» Reliable Customer Base: Prime location near the new Miramesa Town Center retail development and excellent proximity to the Bridgeland development, a 11,401-acre community with 20,000 homes and approximately 65,000 residents
» High Growth Area: Projected 13% average annual household income increase within five miles of the site in the next five years, poising Heartland Dental and Cypress for significant concurrent growth
» Affluent Region: This Heartland Dental is located in an extremely affluent region, with an average annual household income of $174,649 within a one-mile radius
» Strong Population Demographics: Within a five-mile radius of the site the population count is 240,168, with an expected 6% increase by 2028

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link