deal image
5675 Bannister RdKansas City, MO 64137
Heartland Dental | Kansas City MSA | 6.25% Cap
Asset ClassRetail
Cap Rate6.25%
6.25% Cap - Across the street from Oracle's 3.7MSF Campus
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Heartland Dental in Kansas City, MO. The Premises is leased to Heartland Dental for a ten year initial term with 10% rental increases every 5 years. The Asset is positioned across the street from Oracle’s brand new $1B, 3.7MSF regional headquarters and located at a hard corner of a lighted intersection as an outparcel to Price Chopper shopping center.

Access the Data Room

Investment Highlights

Strategically Located in Retail Node

  • Outparcel to a recently relocated Price Chopper Store (relocated for a larger footprint)
  • Over 732K SF of retail space within a 1-mile radius
  • Nearby national retailers include: Price Choppers, Home Depot, Taco Bell, Hardee’s, Wendy’s, and Firestone

Doorstep of Oracle Cerner Innovations Campus

  • Subject site is located directly across the street from Oracle’s new Cerner Innovation Campus, a $1B, Class-A Office Development
  • 290 acre - 3.7MSF campus that houses an estimated 16K employees
  • Recent consolidation of two other campuses

Accessible Location on Highly Trafficked Road

  • Fronting Bannister Rd (17,718 VPD) with cross access through the Shopping Center at two full access intersections
  • Directly off of interstate 435 (85K VPD)
  • On the corner of a lighted intersection of Bannister Rd and Hillcrest Rd (22K VPD)

Attractive Lease Fundamentals

  • NN Lease provides minimal landlord responsibilities (New Roof)
  • Corporate Guaranty by Heartland Dental
  • 10% Rental increases every 5 years, including option periods

Corporate Guaranty From Credit Worthy Tenant

  • Heartland Dental is the largest dental support organization in the United States
  • Over 1,800 locations
  • 2023 Total revenue was $3B

New Construction

  • The building was recently constructed
  • Transferable roof warranties in place
deal gallery image
deal gallery image
deal gallery image
5675 Bannister RdKansas City, MO 64137

Sales Team

deal image

Inquire

Listing provided by Revere CRE