56074 Van Dyke Ave - Medical FOR SALE


Shelby Township, MI 48316- Shelby Township-Utica
$3,528,000 USD
602-687-6697
56074 Van Dyke Ave, Shelby Township, MI for Sale
$3,528,000 USD
Medical - FOR SALE
1/4
null | 5.45% Cap Rate

56074 Van Dyke Ave
Shelby Township, MI 48316
Shelby Township-Utica


HIGHLIGHTS

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Dense Retail Corridor Location Surrounded by National Tenants: Target, The Home Depot, Kroger, Meijer, McDonald’s, and More
  • 10 Percent Rental Increases Every Five Years
  • 127,856 Residents within a Five-Mile Radius in the Detroit MSA
  • Population and Households Projected to Increase 2-3% Percent in the Surrounding Area Over the Next Five Years
  • Frontage Along Van Dyke Avenue (More Than 23,050 Cars per Day)

OVERVIEW

Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support. Heartland Dental is focused on positively impacting dentistry with the goal of offering dentists the freedom to focus on their craft. This culture is sustained with continuing education and ongoing leadership development at all levels of the organization. Heartland Dental has expanded to over 20,000 team members in over 1,800 supported office with over 2,400 supported doctors across 38 states. They are able to differentiate themselves from competition to become what they are today. They provide dentists, hygienists, and non-clinical team members with world-class non-clinical administrative and operational support to help them achieve sustainable professional and financial growth. Located in west Macomb County, 20 miles north of Detroit and eight miles west of Anchor Bay, Shelby Township is home to roughly 75,000 residents. The township is home to 1,200 acres of parks, the 4,000-acre Stony Creek Metropark, and the Macomb Orchard Trail, a 24-mile hiking and biking path. Shelby Township is also home to several vibrant business districts that offer different options for commercial and industrial development with easy access to the township’s first-rate infrastructure as well as its affluent residential neighborhoods.

FOR SALE DETAILS

PRICE

$3,528,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

5.45%

% 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

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C-1

APN/PARCEL ID

23-07-03-153-012

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
602-687-6697

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Alex FrankelMarcus & MillichapMore Info
602-687-6697

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