For Sale
$2,837,000

3617 Sunset Ave Springdale, AR 72762

Arkansas Dental Office - Absolute Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 4,951 square foot, single-tenant dental office in Springdale, Arkansas, leased to Heartland Dental under an absolute net lease. The property boasts a 6.20% cap rate and a substantial remaining lease term of 8.6 years, expiring June 30, 2033, with a 10-year renewal option. The lease includes annual 1.5% rent escalations, providing a hedge against inflation. The tenant, Heartland Dental, is a nationally recognized, financially stable organization, offering a corporate guarantee for added security. Located on a 0.91-acre lot at 3617 W Sunset Ave, Springdale, AR 72762, this freestanding, single-story building (constructed in 1988) benefits from strong demographics, with over 57,000 residents within a 3-mile radius and over 105,000 within a 5-mile radius. The absolute net lease structure shifts all property expenses—including taxes, insurance, maintenance, and utilities—to the tenant, minimizing landlord responsibilities. The current Net Operating Income (NOI) stands at $175,884. This presents a low-management, high-return investment opportunity in a resilient sector of the commercial real estate market. The property's essential business nature provides stability and security in uncertain economic times. This is a rare opportunity to acquire a high-quality, passively managed investment with significant long-term potential.

Highlights

  • Corporate Guarantee: Heartland Dental lease is corporately guaranteed by Heartland Dental, LLC.
  • Annual Rent Escalations: Lease features 1.5% annual rent increases throughout the remaining term and a 10-year option period.
  • Absolute Net Lease: Tenant (Heartland Dental) responsible for all operating expenses.
  • Strong Demographics: High population density; over 57,000 within a 3-mile radius and 105,000 within a 5-mile radius.
  • Recession-Resistant Investment: Healthcare tenant provides stability in uncertain economic times.

Property Details for 3617 Sunset Ave

Property type
Retail properties, Medical space
Square Feet
4,951 SF
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
39,640 SF
Units
1

Location Insight

City
Springdale
County
Washington
State
Arkansas
Latitude
36.174633898604
Longitude
-94.170803394899
3617 Sunset Ave, Springdale, Arkansas

FAQs

What type of property is this?
Retail property - Arkansas Dental Office - Absolute Net Lease
Where is the retail property located?
The property is located at 3617 Sunset Ave Springdale, AR.
What is the asking price?
The asking price for this property is $2,837,000.
What are key features of this property?
This property features: Corporate Guarantee: Heartland Dental lease is corporately guaranteed by Heartland Dental, LLC.; Annual Rent Escalations: Lease features 1.5% annual rent increases throughout the remaining term and a 10-year option period.; Absolute Net Lease: Tenant (Heartland Dental) responsible for all operating expenses.
How can I contact the broker?
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3617 Sunset Ave
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