This exceptional investment opportunity presents a 2,500 square foot Class A medical office building in West Bend, Wisconsin, currently 100% occupied by Heartland Dental under a Net Lease agreement. Built in 2015, this single-tenant property sits on a 0.47-acre lot at 1006 S Main St, 53095. The lease, corporately guaranteed by Heartland Dental, LLC, features a strong 7.10% capitalization rate with a NOI of $84,666. The lease term extends to August 31, 2027, with two 5-year renewal options. Annual rent escalations are 2% or the change in CPI, providing inflation protection. The tenant is responsible for all operating expenses except roof and structure maintenance, with a provision for the tenant to reimburse up to 5% of management costs. This property offers a secure, long-term investment with a nationally recognized tenant and built-in rent growth. The acquisition of American Dental Partners by Heartland Dental in 2021 further solidifies the tenant's commitment and stability. This is a rare opportunity to acquire a high-quality, well-located medical office building with a proven track record of success. The property's desirable location and strong tenant covenant make it an attractive investment for discerning buyers seeking stable income and long-term appreciation.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$515,685
6.5%
$476,017
7%
$442,015
Comparable approach
Method
Valuation
Relative Method
$255,838
Geo Method
$328,230
Alternative Use
Use
Valuation
Industrial / Distribution
$967,102
Retail / Commercial
$490,065
Mixed-Use / Specialty
$483,700
Hospitality / Lodging
$348,863
Office
$476,017
Institutional / Educational
$501,203
Residential Income
$586,407
Multifamily
$728,906
Automotive / Energy
$429,602
Parking / Income-Based Land
$152,813
Restaurant / Food Service
$241,721
Healthcare / Senior Housing
$500,761
Location Insight
City
West Bend
County
Washington
State
Wisconsin
Latitude
43.4078
Longitude
-88.1817
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Main St West Bend, WI 53095
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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