Heartland Dental

Investment Overview

Mid-America Real Estate - Michigan, Inc. has been retained as the exclusive advisor for the sale of a brand-new Heartland Dental investment opportunity located in the affluent and rapidly growing Shelby Township, Michigan. The property features a newly constructed, approximately 5,000 square foot dental office strategically positioned at the signalized intersection of 24 Mile Road and Hayes Road, across from a new Meijer. The asset is leased to Heartland Dental, LLC, the nation’s largest dental support organization, with more than 1,900 supported dental offices across the United States.

Investment Highlights

• Long Term Lease, Limited Landlord Responsibilities
• Heartland Dental has signed a long-term lease under which the landlord has limited responsibilities. The Landlord responsibilities are limited to structural components of the building, including the foundation, roof, load-bearing walls, and exterior walls. The tenant is responsible for substantially all operating expenses, maintenance, repairs, taxes, insurance reimbursements, and utilities - providing an investment with a favorable net lease structure and limited landlord management obligations. Rent increases 10% every 5 years during the initial 10-year term, along with the two 5-year renewal options
• New Prototype Construction
• The property is a newly constructed 5,000 square foot building, situated on 0.50 acres of land.
• Great Co-Market Tenancy
• The property is positioned within one of the strongest retail corridors in Northern Macomb County, benefiting from immediate proximity to a dense concentration of national retailers, restaurants, healthcare providers, and daily-needs services. The surrounding trade area is anchored by high-performing retailers including a new Meijer, Kroger Marketplace, Costco Wholesale, and numerous additional national brands that generate consistent customer traffic throughout the day.
• Phenomenal Access & Visibility
• Located at a traffic signal on the northwest corner of 24 Mile Road and Hayes Road, adjacent to CVS and the Nottinghill Village shopping center. Access is available off both 24 Mile Road and Hayes Road. The building faces Hayes Road, which carries over 14,000 cars per day. Traffic counts on 24 Mile Road exceeds 15,000 vehicles per day.
• Prime Location
• Located at the northwest corner of 24 Mile Road and Hayes Road, the property benefits from a signalized intersection with access from both roads. The site is directly across from a new Meijer (with gas) and approximately 1 mile north of a Kroger Marketplace that is ranked #14/119 in Michigan for annual visits per Placer.ai.