September 16, 2020 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of Heartland Dental in Springfield, Missouri. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,221,000.
Heartland Dental is located at 2241 N Glenstone Avenue in Springfield, Missouri. The stand-alone building was constructed in 2013 and is comprised of 4,583 square feet on a 1.27-acre lot. Heartland Dental has 8-years remaining on a 15-year Absolute NNN lease featuring 2.5% annual rent increases throughout the base term and the two, 5-year renewal options. The property benefits from its strategic position and excellent visibility at the intersection of Glenstone Avenues and Route 66, the intersection sees more than 58,000 vehicles per day and is one of the busiest intersections in the city. The property also benefits from close proximity to a Walmart Supercenter, dozens of hotels, and corporate headquarters. Additionally, Missouri State University is nearby with a total enrollment of more than 26,000 students.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.