{"id":2814,"date":"2024-07-10T19:54:31","date_gmt":"2024-07-10T19:54:31","guid":{"rendered":"https:\/\/www.bouldergroup.com\/blog\/?p=2814"},"modified":"2024-07-10T19:54:31","modified_gmt":"2024-07-10T19:54:31","slug":"net-lease-heartland-dental-sold","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-heartland-dental-sold\/","title":{"rendered":"Net Lease Heartland Dental Sold"},"content":{"rendered":"<p>The Boulder Group has completed the sale of a single tenant Heartland Dental property located at 2011 Market Street in Montrose, CO for $2,465,000. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was a repeat client and an all-cash Colorado-based investor. The seller was a Midwest-based real estate investment and development company.<\/p>\n<p>The recently constructed Heartland Dental property is positioned at a hard corner in a rapidly growing area of Montrose. The property features a new 10-year net lease. The lease includes 10% rental increases every five years and is corporately guaranteed. Heartland Dental is the largest dental support organization in the U.S. with over 1,700 locations across 38 states. The company is primarily owned by KKR, the largest global investment company in the world with approximately $500 billion under management.<\/p>\n<p>\u201cAsking cap rates for single tenant properties are currently at a 10-year high. Some high-net-worth investors are taking advantage of this favorable pricing to acquire high-quality long-term properties for an attractive basis, such as this Heartland Dental property. New construction properties in Colorado continue to be highly sought after amongst net lease investors,\u201d stated Zach Wright, Vice President.<\/p>\n<p>\u201cSingle tenant medical properties have become increasingly popular due to their service-based use, expensive buildouts, and long-term historical occupancies,\u201d added Brandon Wright, Associate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group has completed the sale of a single tenant Heartland Dental property located at 2011 Market Street in Montrose, CO for $2,465,000. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was a repeat client and an all-cash Colorado-based investor. The seller was a Midwest-based real estate investment and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Net Lease Heartland Dental Sold - The Boulder Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-lease-heartland-dental-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Lease Heartland Dental Sold - The Boulder Group\" \/>\n<meta property=\"og:description\" content=\"The Boulder Group has completed the sale of a single tenant Heartland Dental property located at 2011 Market Street in Montrose, CO for $2,465,000. 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