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155 Rowe Avenue, Portland, MI, 48875

Heartland Dental

$1,778,827

Key Information

Cap Rate
7.75%
$ per SF
$552
Tot. SF
3,218
Lot Size
0.84 Acres
Year Built
2002
Term Remaining
± 9 Years
Type
Healthcare
Occupancy
100%
NOI
$137,859

Highlights

• Heartland is the country’s largest network of dental practices with over 1,900 locations, 2,800 doctors, and 20,000 employees. They have consistently added new locations every year since the company was founded in 1995, and currently are growing at nearly 100 locations per year.
• Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
• After operating at the location for several years, Heartland signed a 10-year lease in 2025 demonstrating commitment to this location and providing confidence in their success within the Portland market.
• The lease is signed by Heartland Dental, LLC.
• Within a 5-mile radius of the property, average incomes are above $110,000, providing an affluent patient base for Heartland.
• It is costly for dental practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to the difficulty in retaining the same patients after moving. The average interior build-out for dental offices frequently passes over $150/SF.
• North Main Street sees over 27,000 cars per day directly in front of the property.
• The property has operated as a dental office for over a decade, providing a buyer with a high level of comfort with the success of the current property use.
• I-96 runs just down the street from the property and sees over 44,000 cars per day. It gives patients in nearby communities easy access to the clinic and puts the office in front of a large volume of regional traffic.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203