Heartland Dental — Lafayette, LA (Property 4)
Single-tenant absolute-NNN Heartland Dental at 204 Crescent Ranch Blvd, Lafayette, LA — identified as a top 1% Heartland location systemwide. Priced at $4,667,000 / 6.00% cap on $280,000 NOI; newly casted 10-year lease (March 2025–Feb 2035) with 10% bumps every five years and four renewal options extending effective term to 30 years. Shadow-anchored by Costco, Dick's Sporting Goods, and Topgolf. Listed by Cushman & Wakefield.
Key Facts¶
- 7,100 SF on 1.38 acres; 80 parking spaces; 2021 build.
- Healthcare cluster nearby (Our Lady of Lourdes, Ochsner Lafayette General).
- Key considerations: Heartland's sub-IG credit; Louisiana civil-law legal environment; oil & gas exposure in the metro economy.