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Heartland Dental

$2,837,000

5675 Bannister Road, Kansas City, MO 64137

Active
Last Updated: 06/19/2025

6.35

Cap Rate

180,180

NOI

Details:
Cap Rate:    6.35%
NOI:    $180,180
Building Size:    4,200 sqft
Lot Area:    1.22 acres
Lease Type:    Triple Net
Year Built:    2023
Tenancy:    Single
Highlights:
  • 10-year corporate net lease featuring 10% rental increases every 5 years
  • Lease signed by tenant’s corporate entity – Heartland Dental, LLC
  • 2023 build-to-suit construction with 20-year roof warranty in place
  • Signalized hard corner intersection – 18,000 combined VPD
  • Across the street from new construction Chipotle & Starbucks pads
  • Dense residential demographics – 147,000 residents within a 5-mile radius of the subject property
  • Nearby Oracle Cerner corporate campus currently houses ~13,000 local employees
Description:

A corporate Heartland Dental with a 10-year base term lease featuring 10% rental increases every 5 years and 3, 5-year options to extend at matching increases. The subject property is an outparcel to a heavily trafficked Price Chopper location – ranked in the top 16% of grocery stores nationwide in terms of annual visitors (per Placer.ai) – and is down the street from a heavily trafficked Home Depot location – ranked in the top 5% of home improvement stores nationwide (per Placer.ai).

Map:
Documents:
Title
HeartlandDental_KansasCityMO.pdf
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Location
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