Value-Add

The property is currently 70% occupied, providing an excellent value-add opportunity for investors. Leasing up the vacant space allows for significant potential to increase rental income and improve overall returns. This upside opportunity makes the property an appealing investment for those seeking to enhance cash flow and maximize long-term value.

Annual Escalations

The leases feature 1.5% annual rental increases, providing a built-in hedge against inflation. These escalations ensure a steady growth in rental income over time, helping to offset rising costs and preserve the property’s value. This consistent income growth enhances long-term financial stability for investors.

Tenant Reimburses Management

The tenant reimburses for property management expenses, offering investors flexibility to self-manage and increase returns or take advantage of having management costs covered. This arrangement reduces operating expenses and enhances the property’s overall profitability. It provides a unique opportunity for investors to tailor their management approach while optimizing income.

Recently Acquired Practice

Heartland Dental acquired this practice in early 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.