The Boulder Group Arranges Sale of New Construction Heartland Dental Property in Colorado

Zach Wright and Brandon Wright represented the purchaser in the transaction.
The Boulder Group has completed the sale of a single tenant Heartland Dental property located at 2011 Market Street in Montrose, CO for $2,465,000. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was a repeat client and an all-cash Colorado-based investor. The seller was a Midwest-based real estate investment and development company.

The recently constructed Heartland Dental property is positioned at a hard corner in a rapidly growing area of Montrose. The property features a new 10-year net lease. The lease includes 10% rental increases every five years and is corporately guaranteed. Heartland Dental is the largest dental support organization in the U.S. with over 1,700 locations across 38 states. The company is primarily owned by KKR, the largest global investment company in the world with approximately $500 billion under management.

"Asking cap rates for single tenant properties are currently at a 10-year high. Some high-net-worth investors are taking advantage of this favorable pricing to acquire high-quality long-term properties for an attractive basis, such as this Heartland Dental property. New construction properties in Colorado continue to be highly sought after amongst net lease investors," stated Zach Wright, Vice President.

"Single tenant medical properties have become increasingly popular due to their service-based use, expensive buildouts, and long-term historical occupancies," added Brandon Wright, Associate.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

For additional information, please visit www.BoulderGroup.com [http://www.bouldergroup.com/]

Media Contact
Company Name: The Boulder Group
Contact Person: Zach Wright
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-boulder-group-arranges-sale-of-new-construction-heartland-dental-property-in-colorado]
Phone: 720-604-2220
Address:1805 S Bellaire Street, Suite 355
City: Denver
State: Colorado
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html



This release was published on openPR.