900 52nd St SW - Medical FOR SALE
Wyoming, MI 49509 |
900 52nd St SW
Wyoming, MI 49509
HIGHLIGHTS
- HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,800 locations & 2,800 doctors.
- $187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- STRONG INFLATION HEDGE: The tenants have 1.5% and 2.5% annual rent increases, offering investors the ability to keep pace with inflation over time.
- LONG-TERM LOCATION COMMITMENT: Heartland signed a 10 year lease at the location when purchasing the business in 2022.
- STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice since 2011.
- HIGH TRAFFIC THROUGHFARE: The property sits off of Clyde Park Ave, which sees over 16,000 cars per day.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
HEARTLAND DENTAL
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
4535
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
0.93 AC AC
LAND SF
40,511 SF
ZONING
-
APN/PARCEL ID
41-18-32-101-058
