2625 Sentinel Way - Medical FOR SALE


Melissa, TX 75454
$4,200,000 USD
415-852-5177
2625 Sentinel Way, Melissa, TX for Sale
$4,200,000 USD
Medical - FOR SALE
1/5
null | 5% Cap Rate

2625 Sentinel Way
Melissa, TX 75454


HIGHLIGHTS

  • 12-year primary lease term with 10% rental increases every five years and an additional 10% increase in Year 11
  • Tenant is responsible for all property expenses, including taxes, insurance, and maintenance, ensuring a completely passive investment
  • Heartland Dental supports over 1,800 practices nationwide, backed by a strong financial foundation and proven operational success
  • Positioned just off Sam Rayburn Highway (23,000+ vehicles per day), 0.24 miles from a signalized four-way intersection
  • 1.8 miles from Interstate 75 (80,000+ VPD), connecting Melissa to Dallas and driving significant regional traffic

OVERVIEW

Situated on Sentinel Way, the property benefits from its position just off Sam Rayburn Highway, recording 24,669 AADT only 0.24 miles away. Its proximity to Interstate 75 (1.8 miles, 80,000+ VPD) ensures connectivity to Dallas and surrounding suburbs. The site is part of a new Kroger-anchored development, driving consistent consumer traffic. Heartland Dental, LLC, assumes full responsibility for taxes, insurance, and all maintenance (roof, structure, parking lot) under a 12-year absolute NNN lease commencing May 2, 2025. The lease includes 10% rent increases every 5 years and an additional 10% bump in Year 11, projecting NOI from $210,000 to $372,028 by Option 4 (Years 28-32). This structure eliminates landlord obligations, offering a hands-off investment. Heartland Dental, the nation’s largest DSO, supports over 1,800 practices across 38 states, providing exceptional tenant credit and stability. The tenant’s commitment to a 12-year term with four 5-year options reflects confidence in the location’s long-term viability. This Melissa site aligns with Heartland’s strategy of targeting high-growth, affluent markets. The 5-mile radius boasts 66,758 residents, projected to increase 52.3% to 101,723 by 2029, fueled by Melissa’s rapid suburban expansion. Average household income within 3 miles is $166,953, the highest among the radii, supporting demand for dental care. Within 1 mile, population grew 261% from 2010-2024, underscoring the area’s dynamic growth. The 4,260 SF building, completed in 2025 on a 0.85-acre lot, features Heartland Dental’s latest design standards for patient comfort and operational efficiency. Its placement within a new commercial node enhances visibility and accessibility. The property’s size and layout cater to the tenant’s needs while offering ample parking for staff and patients. Located 0.99 miles from Sam Rayburn Highway’s peak count of 28,875 AADT, the site capitalizes on high visibility and regional traffic flow. Its position 1.8 miles from I-75 ensures easy access for Melissa’s growing population and commuters from Dallas. Nearby McKinney Street (8,785 AADT, 1.22 miles away) further supports local traffic patterns.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$986 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.91 AC

LAND SF

431,488 SF

ZONING

-

APN/PARCEL ID

R-6033-004-1750-1

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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

Michael YurasCushman & WakefieldMore Info
415-852-5177

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