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.