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Heartland Dental Absolute NNN

3911 Challenger Ave · Roanoke, VA 24012 · Dental

Asking price
$3,545,000
Cap rate
5.50%
NOI
$194,999

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Lease

Lease typeAbsolute NNN
Term remaining10.3 yrs
Expiration10/2036
Rent bumps10% in Year 6, 11 and start of each option
Options4 x 5-year options
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF4,260
Price / SF$856
Year built2024
Lot size1.36 ac
TypeShopping Center, Storefront
Days on market158

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

ABS. NNN LEASE STRUCTURE

  • One of the first Abs. NNN Heartland Dental lease formats

  • Zero landlord Responsibilities

  • 12 Year lease with four (4) five (5) year extensions

  • 10% Rental Increases every 5 years and in extensions

LARGEST DENTAL ORGANIZATION GUARANTY

  • Heartland Dental is the largest dental support organization in the United States

  • Over 1,800 Locations | 2024 Total Revenue was over $3B

HARD-CORNERED SITE

  • Prominent hard-corner positioning at the signalized intersection of Challenger Ave (Route 460) and Carson Rd

  • Excellent access and visibility to over 34,000 vehicles per day

POSITIONED IN DENSE RETAIL NODE

  • Within a 1-mile radius of the site is more than 491K SF of retail space

  • Vacancy Rate within that radius is 0.3%

  • Nearby national retailers include: Kroger, Lowe’s Home Improvement, Walmart Supercenter, and more

NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR

  • The Building has recently been constructed to suit the tenant’s need

  • Site is positioned off of busy SR 64 E (31K VPD)

HIGH GROWTH ROANOKE-DANVILLE-LYNCHBURG, MSA

  • The Roanoke–Danville–Lynchburg regional market is forecasted to grow ~1.8% over the next 5 years (from ~1,139,848 to ~1,160,033)

  • Roanoke MSA population ~315,749 in 2024

  • Lynchburg MSA’s median household income has risen steadily, now ~$67,782

  • The combined corridor is seeing reinvestment and expansion in retail, medical, and residential sectors as the geographic crossroads between two growth hubs of southern/central Virginia

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.