N112W16286W1628 Mequon Rd - Medical FOR SALE


Germantown, WI 53022
$2,910,000 USD
602-687-6697
N112W16286W1628 Mequon Rd, Germantown, WI for Sale
$2,910,000 USD
Medical - FOR SALE
1/6
null | 5.35% Cap Rate

N112W16286W1628 Mequon Rd
Germantown, WI 53022


HIGHLIGHTS

  • Brand New 10-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • Outparcel Location in Pick ‘n Save Grocery Store Anchored Shopping Center
  • 10 Percent Rental Increases Every Five Years
  • 53,384 Residents within a Five-Mile Radius - Growing Trade Area in the Milwaukee MSA
  • Located Along Mequon Road, Germantown’s Primary Thoroughfare with Direct Access to Interstates 41 and 43
  • Surrounded by National Tenants: Starbucks, McDonald’s, Ace Hardware, Verizon, Walgreens, Chase Bank, and More

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. Germantown is a village in Wisconsin’s Washington County, part of the Milwaukee metropolitan area. The village is home to an estimated 21,000 residents with its population continuing to grow. Several new housing communities have been developed in recent years, including Wrenwood, Harvest Hills, and Kinderberg Estates, as well as numerous senior living communities.

FOR SALE DETAILS

PRICE

$2,910,000 USD

PRICE/SF

$689 USD /SF

CAP RATE

5.35%

% 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

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

GTNV-224986003

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.