Healthcare    

Heartland Dental

 St. Peters (St. Louis), MO

Asking Price

$3,079,000

Cap Rate

6.00%

For more details on this exclusive listing

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Total Building GLA

4,200 SF

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NNN Lease

10 Years Base

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Year Built

2024

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Exceptional Visibility

42K+ VPD

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Strong Demos

$126k+ AHHI (3 Mi)

INVESTMENT HIGHLIGHTS

  • Corporate Guaranty from Nation’s Largest Dental Support Organization | 1,700 dental offices across 38 states. Heartland Dental is majority owned by KKR, the world’s largest investment company with over $496B in assets under management.
  • New Passive 10-Year NNN Lease | Tenant is operating under a brand new 10-year NNN lease.
  • Brand New Construction | Brand new 2024 construction and Heartland Dental’s latest prototype.
  • Above Market Rental Increases | The Lease features a 10% increase at the start of year 6 and exceptional 12% increases in each option. 
  • Dense and Affluent Population | 84K+ residents earning an average of $126K+ within 3 miles and 161K+ residents earning an average of $119K+ within 5 miles.
  • Excellent Accessibility and Traffic Counts | Immediate access to S Highway 94 (42,502 vehicles per day). The highway is the area’s main east/west corridor and provides access to Downtown St. Louis. 
  • Surrounded by High-Traffic Destination Retailers | The Property is surrounded by national and regional retailers and attractions including Walmart Supercenter, Schnucks, Fresh Thyme Market, Kohl’s, & ALDI.
  • Stable, Family-Oriented Community | Located within the 2.8M resident St. Louis MSA, St. Peters has been named 6 times to Money Magazine’s Top 100 Best Places to Live in America list and #1 Best Place to Live in Missouri.  

Exclusively Listed By

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Mitch Bensch

Investment Sales Analyst
  mbensch@northmarq.com   

In Association With
Brett Butler

MO Lic. #2014014142

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


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