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For Sale

Heartland Dental Anchored Medical Office  |  Plano, TX

$5,053,000  |  6.75% Cap

3001 Dallas Pkwy, Plano, TX 75093

A white building with a blue awning and the word davita on it

Exclusively Listed By:


Lucas Zemlicka


(817) 869-0933 | lucas@phnlg.com


Broker of Record:  | N/A |



Investment Highlights

 

Value-Add Upside  - The Heartland Dental Anchored Medical Office in Plano, TX offers substantial upside potential for investors by providing the opportunity to lease up the remaining 43% of vacant space. By filling these vacancies, investors can generate significant additional rental income and enhance the property’s overall value.


High Demand Location  - Situated right off the Dallas Tollway, this property benefits from a high-traffic area with strong demand. The strategic location provides excellent visibility and accessibility, further increasing the potential for successful lease up and maximizing rental income.


Medical Use Office- The medical office is specifically designed to accommodate a diverse range of medical tenants, fostering a stable and resilient tenant mix. Medical use tenants are particularly attractive to investors compared to traditional office tenants due to their long-term lease commitments and consistent demand for healthcare services. This strategic design enhances the property’s stability and long-term investment appeal.


Recently Acquired Practice- Heartland Dental acquired these practices in December 2021 and invested significantly in integrating them into their network. This substantial commitment enhances the likelihood that Heartland will maintain long-term operations at these locations, thereby increasing the stability and attractiveness of the real estate investment.

 

A white building with a blue awning and the word davita on it
Facility Type Building Area (SF) Years Remaining Net Operating Income
Multi-Tenant

20,315 Square Feet

4.5 Years (WALT) $341,025

Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale, on an exclusive basis, the Heartland Dental Anchored Medical Office of Plano, TX. Offered at a 6.75% capitalization rate, the offering provides an investor with the opportunity to acquire a property with a strong operation that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.


Lease Term - Heartland Dental has occupied 6,763 SF of the 20,316 SF medical facility since they acquired the practice in 2021. The Heartland Dental lease has 7+ years of lease term remaining with 10% rental escalations occurring every 5 years with the next increase set for 12/15/2026. The lease calls for 4 remaining 5 year options.


Net Lease Structure - The Heartland Dental lease is structured on a net basis, whereby the tenant is responsible for all expenses related to the HVAC, interior/non-structural elements, insurance, property taxes, and utilities. The landlord has responsibilities limited to the maintenance of the roof and structure.

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