For Sale
$1,552,000 | 6.25% Cap
3267 Hacks Cross Rd, Memphis, TN 38125
New OM Download
New OM Download
Broker of Record: Jeremy Halback | Bridgeline Real Estate LLC | TN License #: 267032
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 3,971 Square Feet |
10 Years | $96,978 |
Investment Highlights
LONG-TERM LEASE EXTENSION WITH CONTRACTUAL GROWTH
Heartland Dental recently executed a new 10-year lease extension through August 2036, with 2.0% annual rental increases throughout the term and all option periods, providing durable income and consistent contractual NOI growth.
FUTURE EXPANSION AND VALUE ADD OPPORTUNITY
Originally designed to accommodate a second suite, the oversized 0.97 acre parcel includes plumbing and electrical infrastructure already in place for future expansion, creating potential to add another tenant and unlock incremental value.
PURPOSE-BUILT MEDICAL FACILITY WITH CONTINUED INVESTMENT
Constructed in 2016 specifically for dental and medical use, the property features specialized clinical improvements and infrastructure that would be costly to replicate, and Heartland Dental is investing additional capital into the facility, further demonstrating its long-term commitment to the location.
AFFLUENT GERMANTOWN AREA AND FAVORABLE TENNESSEE TAX ENVIRONMENT
Positioned just south of Germantown, one of the Memphis MSA’s most affluent communities, where median household income of $149,920 is nearly double the national figure, the property also benefits from Tennessee’s no-state-income-tax environment and proximity to the FedEx World Headquarters campus.
HIGH-PERFORMING ESTABLISHED DENTAL PRACTICE
The location is a high-performing Heartland Dental practice by revenue and net profitability (financials available upon request), supported by two full-time dentists and a five-day operating schedule that reinforce long-term occupancy.
CORPORATE-BACKED HEARTLAND DENTAL TENANCY
The property is 100% leased directly to Heartland Dental, LLC under a full corporate lease, giving investors exposure to the nation’s largest dental support organization while eliminating individual-dentist or franchisee credit risk.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 3,971 Square Feet |
10 Years | $96,978 |
Overview
Peranich Huffman Net Lease Group is pleased to exclusively present Heartland Dental, located at 3267 Hacks Cross Road in Memphis, Tennessee. This single tenant offering provides investors the opportunity to acquire a 3,971 SF purpose built dental facility fully leased to Heartland Dental, LLC under a corporate lease. Constructed in 2016 on 0.97 acres just south of affluent Germantown, the property was designed to accommodate a second suite, with plumbing and electrical infrastructure already in place for future expansion.
Lease
Heartland Dental recently executed a new 10 year lease extension through August 2036, demonstrating a significant commitment to the location. The lease features 2.0% annual rental increases throughout the term and three additional five year renewal options with continued 2.0% annual increases, providing consistent contractual income growth. The established clinic is an extremely high performing Heartland Dental practice based on revenue and net profitability, supports two full time dentists, and operates five days per week.
Tenant
Heartland Dental, LLC is the largest dental support organization in the United States, supporting more than 1,900 practices across 39 states and Washington, D.C. with over 3,100 doctors and 25,000 team members. The company provides nonclinical administrative and operational support that allows affiliated dentists to focus on patient care. Heartland’s national scale, steady growth, and essential service offerings provide investors with long-term stability and income security.