4033 Fountain Ln Horn Lake, MS

This property offers an investment opportunity within the healthcare sector. The tenant, Heartland, is a large network of dental practices with over 1,800 locations, 2,800 doctors, and 20,000 employees, consistently adding new locations since 1995 and currently growing at nearly 100 locations per year. Dentistry is a $187 billion industry that grows by an average of 5.3% annually. The property is located in a retail corridor that has developed over the past decade, with the intersection of Horn Lake and Goodman Rd seeing over 35,000 cars per day. Neighboring national retail tenants include Walmart, Kroger, Aldi, Chick-fil-A and Walgreens. Situated in the NW Mississippi suburbs of Memphis, the 5-mile area is projected to grow its population by 1.2% annually over the next five years. The property features an absolute NNN lease, suitable for investors seeking a hands-off investment with no landlord responsibilities. The lease includes a 10% rent increase scheduled in years 6, 11, and 13, growing the rent by over 33% by the start of the first option, equating to an average of 3.0% annual rent growth over the next eleven years. The property is approximately 4,503 square feet. Dental practices tend to remain in place due to the difficulty in retaining patients after moving.