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MONTROSE, COLO. — The Boulder Group has arranged the purchase of a single-tenant medical office building located at 2011 Market St. in Montrose, a city of approximately 20,000 residents in the southwest quadrant of the state.
A Colorado-based investor acquired the asset from a Midwest-based real estate investment and development company for $2.5 million.
Heartland Dental occupies the newly constructed property on a new 10-year net lease. The lease includes 10 percent rental increases every five years and is corporately guaranteed. Heartland Dental has more than 1,700 locations across 38 states nationwide. The company is primarily owned by KKR.
Zach Wright and Brandon Wright of The Boulder Group represented the buyer in the transaction.