My Dentist – Heartland Dental Care

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	12.5 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Lewisville is a city in Denton County, Texas. The 2000 United States Census placed the city's population at 77,737 and the 2010 Census placed it at 95,290, making it one of the fastest-growing city populations in the United States. It occupies 36.4 square miles of land and includes 6.07 square miles of Lewisville Lake. Originally called Holford's Prairie, the origins of Lewisville date back to the early 1840s. The arrival of the town's first railroad in 1881 engendered its initial growth, and the expansion of the area's transportation infrastructure spurred further development in the early part of the 20th century. Lewisville incorporated in 1925, and when construction of Lewisville Lake was completed in the 1950s, the city began to expand rapidly. Lewisville's consistently warm climate and proximity to Lewisville Lake has made it a recreational hub of the Dallas–Fort Worth metroplex. The city's municipal government, led by a nonpartisan city council, focuses its recreational and cultural investments on facilities such as Toyota of Lewisville Park and the MCL Grand Theater. The area's transportation infrastructure has evolved around the I-35 Corridor along Interstate 35E. The diversity of its population and industry has created a stable economic climate. Lewisville Independent School District provides most of the area's public education programs. The city has a diverse commercial tax base. Its top employers include JPMorgan Chase, Lewisville Independent School District, and Nationstar Mortgage. Automobile dealerships have flourished there, including Huffines Auto Dealerships and Village Auto Group, which was ranked as one of the top “Powerhouses of the New Economy” by Black Enterprise magazine in 2000. Because of the city's proximity to Dallas and Fort Worth, a number of food distribution companies have branches in Lewisville, including Sysco and Meadowbrook Meat Company (MBM). Responsive Education Solutions, which operates chartered schools nationwide, is also headquartered in Lewisville.

Highlights

Absolute NNN Lease - Landlord has zero responsibilities related to the management, maintenance, or repair of the subject property.

Strong Remaining Lease Term - The lease has approximately twelve (12.5) years remaining of the base lease term with one (1), ten (10) year option to renew.

Strong Guaranty - Lease is guaranteed by My Dentist Holdings, LLC and Heartland Dental Care, LLC. Heartland conducted the acquisition in October of 2013. Heartland Dental Care is one of the leading dental support organizations in the US with over 600 affiliated offices located in 26 states.

Attractive Rental Increases – Two and a half percent (2.5%) rental increases annually, extending through the options period.

Strong Retail Location – The subject property has direct visibility and located off of West Main Street, which boasts a daily traffic count in excess of 41,000 vehicles per day.

Solid Demographics – The subject property boasts population figures of over 102,000 and 187,000 within a three and five mile radius. The average household income within these radii are $85,884 and $103,817.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.