Heartland Dental - White Plains, MD_Property for Sale

10660 Stanhaven Place, White Plains, MD, 20695, US

Heartland Dental - White Plains, MD

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Heartland Dental located at 10660 Stanhaven Place in White Plains, Maryland (“Property” or “Asset”). The Asset is operating on a brand new 10-year double net lease with ±9.6 years of term remaining. The lease features three, five-year renewal options and 1.50% annual rent escalations in the primary term and options. The Property is set to open for business in December 2024.

Positioned within Charles County, there are three major developments underway set to transform the area. Kaiser Permanente is developing a $100M medical center set to open in 2025; Waldorf Station is a 145-acre mixed-used project valued at roughly $347M and expected to generate a surplus of $1.6M annually; and Berry Pointe business park is expected to sustain over 2,100 jobs with ±634K square feet in flex, R&D, office and retail space under construction.

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Attributes

Asking price

€2,543,000

Cap rate

NOI

€153,000

WAULT

9.3 years

Year renovated

2024

Building area net

299 m²

Media

Investment Highlights

Heartland Dental is the leader in dentistry, and the largest dental support organization in the U.S. with over 1,700 supported locations nationwide.
Dental services spending is 20% above the national average, indicating strong market demand.
Positioned in a highly affluent city that has seen explosive 27.8% population growth since 2010 with a resident-base that earns $133,000 in average HH income in a 5-mile radius.
Charles County is recognized as one of Maryland's fastest-growing communities.
The Greater Washington area has seen $41 billion in new development over the past decade.
Situated along the US 301 corridor with 51,000 vehicles per day, offering high visibility and easy access.