5656 S Power Rd - Medical CONDO FOR SALE


Gilbert, AZ 85295- South Gilbert
$1,437,840 USD
310-709-8985
5656 S Power Rd, Gilbert, AZ for Sale
$1,437,840 USD
Medical CONDO - FOR SALE
1/11
null | 5.75% Cap Rate

5656 S Power Rd
Gilbert, AZ 85295
South Gilbert


HIGHLIGHTS

  • Lease features a corporate guaranty from Heartland Dental – the nation’s most dominant dental support organization in the United States.
  • The lease at $22 per square foot is well below market rates for comparable dental offices in the Phoenix MSA, reducing tenant turnover risk.
  • The property’s exterior and common areas are maintained by the HOA, with Heartland Dental reimbursing the monthly HOA fee as part of their lease.
  • Heartland Dental is supported by global private equity and investment firm KKR & Co. Inc, the 2nd largest equity firm based on AUM.
  • This NNN lease offers a hands-off investment opportunity, with minimal landlord responsibilities.
  • The Largest Dental Group In The World - Founded in 1995, Heartland Dental supports +20,000 employees, 2,800 doctors and 1,800+ practices.

OVERVIEW

PROPERTY & LEASE HIGHLIGHTS • Heartland Dental Corporate Guaranty - Lease features a corporate guaranty from Heartland Dental – the nation’s most dominant dental support organization in the United States with over 1,800 supported practices across 39 states. • Low Rental Rate / SF - The lease at $22 per square foot is well below market rates for comparable dental offices in the Phoenix MSA. This reduces tenant turnover risk and enhances long term tenant stability at this location. • HOA (Homeowners Association) Maintained Medical Corridor - The property’s exterior and common areas are maintained by the HOA, with Heartland Dental reimbursing the monthly HOA fee as part of their lease obligations. • Meticulously Maintained Property - This office features state-of-the-art equipment and modern finishes, ensuring long-term functionality and aesthetic appeal. • Top MSA (Phoenix Metro Area) - Gilbert is the 5th largest city in Arizona (275,000+ residents) and a key part of the Phoenix MSA, one of the fastestgrowing metropolitan areas in the U.S. • Secure Financial Backing - Heartland Dental is supported by global private equity and investment firm KKR & Co. Inc. (NYSE: KKR). KKR is a leading global investment firm with 26 offices across 4 continents, and $638 billion in total assets under management (AUM) as of December 31, 2024). They are the 2nd largest private equity firm in the world based on AUM, right behind Blackstone. • Passive & True NNN Lease Structure – This NNN lease offers a hands-off investment opportunity, with minimal landlord responsibilities. • Inflationary Protected Lease - Lease features a 10% rental increase in ±5 Years, providing a landlord with a solid hedge against inflation. • The Largest Dental Group In The World - Founded in 1995, Heartland Dental supports +20,000 employees and 2,800 doctors. As the nation’s leading DSO, Heartland is at the forefront of modern dentistry - driving innovation, clinical excellence, and scalable practice growth across its expansive network. TENANT HIGHLIGHTS • Successful Practice Acquisition - This practice This practice (formerly Desert Springs Dental) was just acquired by Heartland Dental a few months ago in February of 2025 due to its strong performance and long-standing success in the community • Unmatched Scale - Heartland Dental supports 1,800+ practices across 39 states. • Aggressive Growth Trajectory - In 2024 alone, Heartland added 31 new affiliations and opened 105 new practices, including entering its 39th state (Utah). Global investment firm KKR continues to provide strategic and financial backing for long-term growth and acquisition strategy. • Continuing Education - Through Heartland Dental University, they’ve delivered over 76,000 CE completions in 2024 across 1,300 courses. • Advanced Technology Integration - Strategic partnerships with VideaHealth and Henry Schein One deliver AI-powered diagnostics and practice management tech across the network. • Long-Term Commitment To Location – Dental practices, especially well established general dentistry offices, rarely relocate due to the high cost of equipment, build-out expenses, and the need to retain existing patients. This ensures long-term stability at this location. • Essential Healthcare Service – General dentistry is a recession-resistant industry, as routine dental care remains a necessity regardless of economic conditions. This makes the tenant a low-risk, stable investment. • Booming Dental Industry - The U.S. dental services industry is projected to grow from $154.96 billion in 2023 to $254.09 billion by 2032, at a 6.24% CAGR, reflecting increasing demand for dental care.

FOR SALE DETAILS

PRICE

$1,437,840 USD

PRICE/SF

$383 USD /SF

CAP RATE

5.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

3,758 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

PAD, Gilbert

APN/PARCEL ID

304-38-985

ASK ABOUT THIS PROPERTY

Daniel SolomonKidder MathewsMore Info
310-709-8985

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Daniel SolomonKidder MathewsMore Info
310-709-8985

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