107 Main St - Medical FOR SALE


Plymouth, NH 03264
$1,752,000 USD
817-869-0933
107 Main St, Plymouth, NH for Sale
$1,752,000 USD
Medical - FOR SALE
1/10
null | 6.75% Cap Rate

107 Main St
Plymouth, NH 03264


HIGHLIGHTS

  • Established Dental Practice With Strong Growth
  • Competitive Rental Position
  • Non-Income Tax State
  • Corporately Guaranteed Lease
  • High-Demand Location

OVERVIEW

Overview Peranich Huffman Net Lease Group is pleased to exclusively present Heartland Dental, located at 107 Main Street in Plymouth, New Hampshire. This offering provides investors the opportunity to acquire a property leased to the nation’s largest dental support organization, strategically positioned in the heart of downtown Plymouth. The ±5,406 SF dental facility is situated on a 0.42-acre lot at the doorstep of Plymouth State University, a major regional institution that generates consistent foot traffic and demand. The property’s long history of medical and dental use, combined with its prime visibility on Main Street, underscores its enduring appeal and stability. Lease The property is leased to Heartland Dental under a long-term net lease, with a 10-year term remaining through September 30, 2035. The agreement features an annual base rent of $118,277 with 10% escalations every five years, providing built-in income growth. The lease also includes four (4) additional five-year renewal options, each with 10% escalations, ensuring long-term continuity and predictable cash flow. With corporate guarantees in place and minimal landlord responsibilities, the investment offers durable income security. Tenant Heartland Dental is the largest dental support organization in the United States, supporting more than 1,880 practices across 39 states with over 3,100 doctors and 20,000 team members. The company provides non-clinical administrative and operational support that allows affiliated dentists to focus on patient care. Heartland’s national scale, steady growth, and essential service offerings provide investors with long-term stability and income security. Investment Highlights Established Dental Practice With Strong Growth Heartland Dental acquired the site in 2019, recognizing its strong operating fundamentals and long-term potential. The practice operates four days per week and is projected to achieve record performance, with revenue expected to increase by more than 50% and EBITDA is anticipated to double in 2025. Competitive Rental Position The property’s current rent of $21.88 per square foot is below the Claremont– Lebanon market average of $24.00 per square foot, providing durable in-place income with clear mark-to-market potential at renewal. Non-Income Tax State Serving as a major benefit to the landlord, as of 2024, nine states: Alaska, Florida, Nevada, New Hampshire , South Dakota, Tennessee, Texas, Washington, and Wyoming — levy no state income tax. Corporately Guaranteed Lease The lease is backed by Heartland Dental, LLC, the nation’s largest dental support organization with more than 1,880 affiliated locations across 39 states. This corporate guarantee minimizes default risk and provides investors with long-term income security. High-Demand Location Positioned along Main Street in downtown Plymouth, the property benefits from strong visibility and accessibility in a high-traffic corridor. Its proximity to Plymouth State University and surrounding retail draws consistent daily activity, reinforcing tenant performance and long-term occupancy stability.

FOR SALE DETAILS

PRICE

$1,752,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,911 SF

ZONING

VC

APN/PARCEL ID

PLMH-000109-000037

ASK ABOUT THIS PROPERTY

Lucas ZemlickaPeranich Huffman Net Lease GroupMore Info
817-869-0933

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Lucas ZemlickaPeranich Huffman Net Lease GroupMore Info
817-869-0933

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.