4585 Ledge Rock DrJohnstown, CO 80534
Heartland Dental
10 YEARS REMAINING ON CORPORATE DOUBLE NET LEASE | BRAND NEW 2024 CONSTRUCTION
Overview
Initial Lease Term: 10 Years
Lease Term Remaining: 10 Years
Lease Type: Double Net (NN)
Rent Commencement: 11/29/2024
Expiration Date: 11/30/2034
Roof & Structure: Landlord
Increases: 10% Every 5 Years
Options: 3 x 5-Year
Guarantor: Corporate
Investment Highlights
- 10 years remaining on double-net (NN) lease of a freestanding Heartland Dental in Johnstown, CO. The lease includes 3 x 5-year options and 10% rent increases every 5 years.
- The tenant is the corporate entity of Heartland Dental, the largest dental support organization in the US. Heartland Dental supports 1,700 dentist offices nationwide.
- The subject property is currently under construction set to be completed in late 2024.
- Heartland Dental is part of a new 200-acre mixed-use development, Ledge Rock Center. Once completed, the Ledge Rock Center will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail.
- The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.
- A newly opened Buc-ee’s is located across the interstate from the subject property. The site marks the company’s expansion outside of the Southern US and includes a 74,000 SF retail building, 116 fueling stations, and 12 EV charging stations. Buc-ee’s locations typically see over 4.6 million annual visitors (Placer.ai).
- Johnstown, CO has seen an 84.75% population growth since 2010, making it one of the fastest-growing communities in the state. Johnstown’s population is expected to grow another 22% by 2028.
4585 Ledge Rock DrJohnstown, CO 80534
Buc-ee's
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