5619 S 204th Ave - Medical FOR SALE


Elkhorn, NE 68022
$2,973,000 USD
5619 S 204th Ave, Elkhorn, NE for Sale
$2,973,000 USD
Medical - FOR SALE
1/6
null | 6.25% Cap Rate

5619 S 204th Ave
Elkhorn, NE 68022


OVERVIEW

Lee & Associates has is pleased to exclusively market the sale of a Heartland Dental in Elkhorn, NE (Omaha, NE MSA.) The Premises is leased to Heartland Dental for a ten year initial term with 9 years remaining. The Asset was recently constructed and is located off of S. 204th Ave. It is surrounded by hundreds of new apartments, homes, and newly constructed retail in metro Omaha's most rapidly growing area. ATTRACTIVE LEASE FUNDAMENTALS NN Lease Provides Minimal Landlord Responsibilities Corporate Guaranty by Heartland Dental 10% Rental Increases every 5 years, including option periods CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT Heartland Dental is the largest dental support organization in the United States Over 1,700 Locations 2022 Total Revenue was $1.2B HIGH GROWTH OMAHA MSA Omaha, NE has seen a ~2% population growth over the past 2 years and has seen a 13% population growth since 2000 In 2022, Douglas County’s GDP grew 9.2%, the most out any county with at least 500K residents BURGEONING OMAHA SUBURB Over 300 Multi-family units have delivered in a 1-Mile Radius in the past year pushing total unit count to ~1,100 245 additional units are under construction Over 10K SF of retail has delivered in the past year with another 12.5K under construction, boasting a 0% vacancy rate

FOR SALE DETAILS

PRICE

$2,973,000 USD

PRICE/SF

$686 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HEARTLAND DENTAL - ELKHORN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

X

APN/PARCEL ID

0063-0206-09

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

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

Research In ProgressResearch In ProgressMore Info

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