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This exceptional investment opportunity presents a 4,331 square foot Class A medical office building in Omaha, Nebraska. The property is located at 5619 S 204th St, Omaha, NE 68135, within Douglas County, and boasts a prime location in a rapidly growing area. Currently 100% occupied by Heartland Dental, a leading dental support organization with over 1,700 locations and $1.2 billion in 2022 revenue, under a Net Lease (NN) agreement. The 10-year lease commenced April 17, 2023, and has a remaining term of approximately 8.4 years, expiring April 30, 2033. The lease includes a corporate guarantee and provides for 10% rental increases every five years, including option periods, minimizing landlord responsibilities. The asking price is $2,973,000, representing a price per square foot of $686.45 and a 6.25% cap rate based on a Net Operating Income (NOI) of $185,799. The building, constructed in 2023, sits on a 1.1-acre lot and is surrounded by new residential and retail developments, reflecting the area's significant growth. Omaha's robust economic climate, with a 2% population growth over the past two years and a 13% increase since 2000, further enhances the investment potential. Douglas County's 9.2% GDP growth in 2022 underscores the region's economic strength. The surrounding area includes over 1,100 multi-family units within a one-mile radius, with additional units under construction, and significant new retail development with zero vacancy. This property offers a compelling combination of a strong tenant, favorable lease terms, and a location in a high-growth market.
Highlights
Favorable lease terms with minimal landlord responsibilities and a corporate guaranty from Heartland Dental.
Strong corporate guarantee from Heartland Dental, the nation's largest dental support organization, boasting over 1,700 locations and $1.2B in 2022 revenue.
High-growth Omaha MSA; Omaha, NE experienced ~2% population growth in the last two years and 13% since 2000, with Douglas County's GDP surging 9.2% in 2022.
Booming Omaha suburb with over 300 multi-family units delivered within a 1-mile radius in the past year (totaling ~1,100 units), plus 245 more under construction; Over 10,000 SF of new retail delivered, with another 12,500 SF under construction and 0% vacancy.
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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.
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