2317 Remington Way - Freestanding FOR SALE


Lexington, KY 40511
$3,589,000 USD
913-669-6422
2317 Remington Way, Lexington, KY for Sale
$3,589,000 USD
Freestanding - FOR SALE
1/5
null | 5.5% Cap Rate

2317 Remington Way
Lexington, KY 40511


HIGHLIGHTS

  • Corporate-Guaranteed Lease – Backed by Heartland Dental, the nation’s largest DSO with 1,800+ locations and $3.6B in revenue.
  • Rare Absolute NNN – 12-year lease with zero landlord responsibilities; tenant covers all expenses.
  • Built-In Growth – 10% rent increases every five years, including renewal options.
  • Long-Term Stability – Highly specialized buildout; Heartland rarely relocates or closes practices.
  • Prime Retail Positioning – Outparcel to Lexington’s first Publix at Citation Point Center, ensuring strong consumer visibility.
  • High-Growth Corridor – Surrounded by surging residential development (+10.5% population growth in 5 years).

OVERVIEW

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive investment sales advisors to the Seller, are pleased to present the opportunity to acquire the fee simple interest in a brand-new, build-to-suit Heartland Dental located in Lexington, Kentucky (the “Property”). The Property is backed by a corporate-guaranteed Absolute NNN lease with Heartland Dental, the nation’s largest dental support organization, offering investors a passive and long-term cash-flowing asset. The 12-year primary term features 10% rent increases every five years, with additional increases through four 5-year renewal options, delivering built-in income growth. The Property is ideally positioned as a high-visibility outparcel to the newly built Citation Point Center, a Publix-anchored shopping center at the bustling intersection of Citation Boulevard and Georgetown Road. Surrounded by growing residential neighborhoods and strong consumer demographics, the site benefits from average household incomes of $90,000 within a 2-mile radius and a steady annual population growth rate of approximately 3% since 2020. Major nearby residential developments include the Coventry Woods Subdivision, which recently delivered 125 new homes, following a prior 321-home phase just north of the site. This rapid residential expansion ensures a consistent and growing consumer base that supports the retail and service demand in the area. Heartland Dental’s lease guaranty adds meaningful credit strength to the investment. As the nation’s leading DSO, Heartland supports more than 1,800 locations across 39 states and Washington, D.C., with strategic backing from private equity giant KKR. In 2024, Heartland reported $3.6B annual revenue, added over 130 offices, expanded into new states, and continued to enhance its AI-driven clinical tools through partnerships with VideaHealth and Henry Schein One, supporting a network of more than 20,000 clinicians. Heartland’s impressive scale, consistent growth, and continued investment in innovation reinforce its longterm stability as a tenant. Heartland Dental brings national credit strength and long-term viability to the Property. As the largest Dental Support Organization in the United States, Heartland supports over 1,800 offices across 39 states and Washington D.C., with private-equity backing from KKR, which acquired a majority stake in a $2.8 billion deal. In the past year, Heartland affiliated with 31 new practices, opened 105 new offices, and expanded into new markets like Utah. It has also deployed cutting-edge AI tools from VideaHealth and Henry Schein One to assist over 20,000 clinicians in delivering best-in-class care. With scalable infrastructure, continued innovation, and a rapidly growing footprint, Heartland is positioned to remain a dominant force in the dental healthcare space for years to come.

FOR SALE DETAILS

PRICE

$3,589,000 USD

PRICE/SF

$842 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Heartland Dental - Lexington, KY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

B-3

APN/PARCEL ID

38299570

ASK ABOUT THIS PROPERTY

Katherine WeaverPegasus InvestmentsMore Info
913-669-6422

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Katherine WeaverPegasus InvestmentsMore Info
913-669-6422

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