Property summary
This exceptional investment opportunity presents a 3,756 square foot, Class A retail property in North Aurora, IL, currently occupied by Heartland Dental, the nation's largest dental support organization. Boasting a new 10-year net lease (NN) with a corporate guarantee, this single-tenant building offers a secure, passive income stream. Located on a 1.49-acre lot at a prominent intersection with high visibility, the property benefits from its position in a thriving shopping center anchored by Woodman's Market and surrounded by other national retailers including Target, Aldi, and Starbucks. The property enjoys convenient access to I-88 and is situated near local schools. Built in 2008 and extensively renovated in 2023, the building features a modern design and caters to Heartland Dental's growing customer base. The lease includes 10% rent bumps every five years and offers four, five-year renewal options. With a current NOI of $165,500 and a 6.25% cap rate, this investment offers a compelling return on investment in an affluent Chicago MSA area with an average household income exceeding $137,500 within a one-mile radius. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any portfolio. The asking price is $2,648,000.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Atm
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Dental Office
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Bank Loan Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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