Heartland Dental

501 Jumpers Hole Road, Severna Park, MD 21146

$2,353,000

Cap Rate 5.95%

$2,435,000

Cap Rate 5.75%

DOM: 70 Updated: 06.15.24 Posted: 03.06.24 Status: Sold 05.15.24

Summary

Price $2,353,000 $2,435,000	Built/Renov 2005/2021	Tenant Heartland Dental
Cap Rate 5.95% 5.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 4,000	Lease Start 08-15-2022	#Units 1,700
Price/SF $588.25 $608.75	Expiration 08-31-2032	Tenant Type Medical/Health
NOI $140,000	R. Term 6.11	Ownership Fee Simple
Rent/SF $35.00	Increases 10.0%/3/yrs	Pop 5Mi 139,599
Lot/AC 0.58	Options 4/5yrs/10%	AHHI 5Mi $160,147

Highlights

Heartland Dental has 8+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Heartland Dental is strategically located at the signalized, hard corner intersection of Benfield Rd and Jumpers Hole Rd, with access to a combined daily traffic count of 26,896 vehicles. This prime location boasts two different points of ingress and egress, optimizing accessibility. Additionally, it is situated less than a half-mile from Brightview Severna Park, approximately 0.7 miles from...

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Key Features

Signalized intersection
New roof
Strategically located
Highway close
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Heartland Dental Wikipedia Severna Park, Maryland Zip Code 21146 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Heartland Dental
Guarantor:Corp T and Rated
Company:KKR & Co, Inc
# Units:1,700
Tenant S&P: A
Stock: NYSE: KKR

About Tenant

Heartland Dental Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services. Heartland Dental partners with its supported...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,140	47,792	140,821
2023 Total Population :	9,095	47,505	139,599
2023 Employed Civilian Pop :	4,819	25,483	75,863
2023 Total Businesses :	214	1,956	4,279
2023 Average Household Income :	$ 213,911	$ 210,378	$ 160,147
2023 Total Consumer Spending :	$ 532 M	$ 2944 M	$ 6942 M
2023 Median Age :	45	45	41
2023 Total Households :	3,007	16,819	51,276
2023 Pop Age 25+: Bachelor's Degree :	2,114	10,505	25,043
2023 Average Home Value :	$ 649,620	$ 664,961	$ 565,436

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Benfield Rd	Jumpers Hole Rd	2012	18,150	0.03 mi
Benfield Blvd	Center Dr	2020	23,142	0.08 mi
Jumpers Hole Rd	Blanchfield Ln	2017	6,600	0.10 mi
Benfield Rd	Holly Rd	2012	18,150	0.10 mi
Benfield Rd	PkRd	2012	18,150	0.25 mi
Severn Rd	Sackett Ct	2002	875	0.50 mi
Jumpers Hole Rd	Wembly Way	2020	5,463	0.71 mi
Truck House Rd	Eva Ln	2018	3,911	0.71 mi
Truck House Rd	Listman Ct	2020	3,273	0.81 mi
Kinder Rd	Lynwood Dr	2000	2,620	0.84 mi

Listing Broker

Sam Young

Atlantic Capital Partners

Contact

50 Listings
11684 Views
36 Sold

David Hoppe

Atlantic Capital Partners

Contact

101 Listings
29878 Views
67 Sold

Sam Young

Sam joined Atlantic Retail in 2019 after serving as a Senior Director in the Capital Markets Group at Cushman & Wakefield and previously co-founded a real estate firm focused exclusively on investment property sales. Sam has been brokering NNN Properties and Shopping Centers for more than 20 years. Sam brings extensive experience in marketing investment properties, structuring sale-leaseback transactions, representing private buyers in the acquisition of investment properties and facilitat

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David Hoppe

David joined Atlantic Retail in 2019 as an Investment Advisor in the Charlotte office. Coming from previous jobs with three of the world’s largest real estate firms, David brings a wealth of knowledge, experience and best practices to Atlantic in order help our clients facilitate 1031/1033 tax-exchanges, advertise and sell Shopping Centers and Triple-Net (NNN) Assets, and conduct Sale-Leaseback transactions for private and institutional property owners. David’s clients include National & Re

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