loader
Join Free
Views: 152 DOM: 465 Updated: 11.26.24 Posted: 09.22.23 Status: Active

Summary

Price $3,125,000
Built/Renov 2022
Tenant Heartland Dental
Cap Rate 5.85%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,262
Lease Start 08-26-2022
#Units 1,600
Price/SF $733.22
Expiration 08-31-2032
Tenant Type Medical/Health
NOI $182,840
R. Term 7.8
Ownership Fee Simple
Rent/SF $42.90
Increases 10.0%/4/yrs
Pop 5Mi 109,983
Lot/AC 1.35
Options 4/5yrs/10%
AHHI 5Mi $105,308

Lease Highlights

  • New 2022 construction
  • Heartland Dental currently has over 7 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by KKR & Co, Inc (NYSE: KKR)

Location Description

This Heartland Dental is conveniently located along George W. Liles Pkwy NW, which sees in excess of 23,000 vehicles passing by daily. The subject property has excellent visibility, with 121 feet of road frontage and cross access to a signalized intersection. The site benefits from a strong consumer base, with thousands of students close by. It is less than 2.5 miles from West Cabarrus High...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Heartland Dental is an American dental support organization, providing non-clinical administrative support services to over 2,600 dentists in over 1,600 dental offices across 38 states and the...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity