Heartland Dental

100 Hansen Blvd, North Aurora, IL

Deal Type:

Net Lease

Price:

$2,648,000

Cap Rate:

6.25%

Current Rent:

$165,500

Lease Type:

DoubleNet

Lease Term:

10 years

Landlord Responsibilities:

Roof and Structure

Renewal Options:

4, Five Year

Building Sq. Ft.:

3,756 SF

Rent Increases:

10% every 5 years

Site Size:

1.49 Acres

Access Offering Memorandum

Investment Highlights

New Lease Term: Corporate backed 10 year lease term with minimal landlord responsibilities providing passive cash flow.
Proven Track Record: Heartland Dental has had a presence in North Aurora since 2008 and is relocating from a multi-tenant medical office building in the sub-market, demonstrating their commitment to the customer base and historical profitability.
Grocery Outlot: The property provides maximum intersection visibility being situated at the hard corner entrance to a Woodman’s Market anchored shopping center. Additional retailers in the area include Target, Aldi, Petco, Starbucks, Taco Bell, and more.
Convenient Access: There are multiple points of entry from both Orchard and Oak Streets and interchange access to I-88 (75,900 VPD) is about 3/4 of a mile south.
Industry Leading Tenant: Heartland Dental is the country’s largest dental support organization with over 1,700 locations in 38 states. Total revenue eclipsed $1.2bn in 2022.
Proximate to Local Schools: Fern Elementary and Jewel Middle School are down the street, making it easy for parents to bring their children to the MOB.
Recent Renovation: The building was recently renovated to fit Heartland’s growing customer base, including renovations to the exterior and extensive interior build-out.
Affluent Chicago Area Location: Average household income within 1 mile of the site is $137,500.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Download Offering Memorandum

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