1379 N Outer Belt W - Freestanding FOR SALE


Effingham, IL 62401
$3,151,000 USD
980-498-3293
1379 N Outer Belt W, Effingham, IL for Sale
$3,151,000 USD
Freestanding - FOR SALE
1/4
null | 5% Cap Rate

1379 N Outer Belt W
Effingham, IL 62401


HIGHLIGHTS

  • EFFINGHAM, IL – HOME TO HEARTLAND HEADQUARTERS
  • RARE LEASE STRUCTURE
  • LARGEST DENTAL ORGANIZATION GUARANTY

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Zero landlord responsibilities - 10 Years lease with four (4) five (5) year extensions - 10% rental Increases every 5 years and in option periods LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B PRIMARY RETAIL NODE IN EFFINGHAM, IL - Hard-Corner site at the intersection of Outer Belt W (1,950 VPD) and IL-33 (11,600 VPD) - Heartland Dental is positioned along the main retail corridor of Effingham, IL (Over 1.1MSF within a 1-mile radius) - Nearby National Retailers Include: Walmart Supercenter, Kohl’s, Hobby Lobby, ALDI, Menards Home Improvement, and more OPPORTUNITY ZONE - This Heartland Dental is located in an Opportunity Zone in Effingham, IL which offers significant tax incentives, including tax deferrals and exemptions on capital gains EFFINGHAM, IL – HOME TO HEARTLAND HEADQUARTERS - The Site is located just 3.5 miles from the Heartland Dental Headquarters, the 2nd largest employer for the town - Local brand name recognition will drive patient demand - Its proximity to the headquarters offers potential for reduced operational costs and enhanced visibility NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance

FOR SALE DETAILS

PRICE

$3,151,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

0311018180

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.