3617 W Sunset Ave - Medical FOR SALE


Springdale, AR 72762
$2,814,150 USD
918-269-6093
3617 W Sunset Ave, Springdale, AR for Sale
$2,814,150 USD
Medical - FOR SALE
1/9
null | 6.34% Cap Rate

3617 W Sunset Ave
Springdale, AR 72762


HIGHLIGHTS

  • ABSOLUTE NNN LEASE STRUCTURE
  • CORPORATE GUARANTY FROM HEARTLAND DENTAL
  • ANNUAL RENTAL ESCALATIONS
  • STRONG DEMOGRAPHICS
  • PRIME RENEWAL OPTION
  • PROVEN LOCATION FOR TENANT

OVERVIEW

In Association with: Chad Byerly, AR #PB00082928 Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a Heartland Dental property located in Springdale, AR. The Property is subject to a 10-year Absolute NNN lease structure over 8 years remaining and annual rental escalations of 1.5%. The lease is also subject to one (1), ten (10) year renewal option. This provides potential investors with a truly passive asset that requires zero landlord responsibilities, as the Tenant is responsible for all expenses. This opportunity provides potential investors with passive income through June of 2033 and potentially through June of 2043. The lease includes a corporate guaranty from Heartland Dental. Heartland Dental is the nation's largest Dental Support Organization with over 1,700 dental offices across 38 states. Heartland Dental celebrated record growth over the last 24 months with 100 new supported practices opened in 2023 and an additional 90 practices in 2024. Additionally, Heartland Dental holds a credit rating of B- (S&P) and B3/Stable (Moody's). The Property is situated in Springdale, Arkansas which is located 10 miles north of Fayetteville, Arkansas and is currently the fourth most populated city in the entire state. The Property is advantageously located in a strong retail corridor with nearby retailers including: Lowe's, Hawaiian Bros Island Grill, Chick-fil-a, and Applebee's. Furthermore, the Property is located directly off of I-49 and US Hwy 412. This creates excellent visibility of the Property as well as extremely easy access for all patients. Within a 5-mile radius of the Property, there is a population of 117,258 boasting an average household income of $94,316.

FOR SALE DETAILS

PRICE

$2,814,150 USD

PRICE/SF

$568 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C-2

APN/PARCEL ID

815-29091-001

ASK ABOUT THIS PROPERTY

Jeff MatulisNorthmarqMore Info
918-269-6093

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Jeff MatulisNorthmarqMore Info
918-269-6093

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