deal image
450 Croell AveTiffin, IA 52340
Heartland Dental | Tiffin, IA | 6.15% Cap
Asset ClassRetail, Healthcare Facility
Cap Rate6.15%
overview of deal

Overview

The Premises is leased to Heartland Dental for a ten year initial term. The Asset is located in Tiffin, IA, a submarket of Iowa City, IA, which is home to the University of Iowa (33,334 students). The subject site is well positioned within a growing area with new construction along Highway 6 (11,200 VPD).

Access the Data Room

Investment Highlights

ATTRACTIVE LEASE FUNDAMENTALS

  • NN Lease Provides Minimal Landlord Responsibilities | Corporate Guaranty by Heartland Dental | 10% Rental Increases every 5 years, including option periods

CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT

  • Heartland Dental is the largest dental support organization in the United States | Over 1,700 Locations | 2022 Total Revenue was $1.2B

NEW CONSTRUCTION

  • Recently constructed building to Tenant’s suitwith transferable warranties

LOCATED NEAR MAJOR DEVELOPMENTS

  • Direct access to DR Horton’s 65 housng development, Prairie Village, which consists of a mix of for-sale single family homes and townhomes | 1.5 Miles from Park Place, a 450 acre mixed use development, including 100 single family lots, 300+ multi-family units,and commercial space

SURROUNDED BY THOUSANDS OF STUDENTS

  • Approximately 1-mile to Clear Creek Amana High School (728 students), Clear Creek Amana Middle School (640 students), OakHill Elementary (345 Students), and Tiffin Elementary (400 Students)

HIGH GROWTH SUBMARKET

  • Tiffin is Iowa’s fastest growing town -approximately 51% population growth in 1-mile from 2010-2020, and annual 1-mile growth rate of 11.1%
deal gallery image
deal gallery image
450 Croell AveTiffin, IA 52340

Sales Team

deal image

Inquire

Listing provided by Revere CRE