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Views: 83 DOM: 151 Updated: 11.26.24 Posted: 07.23.24 Status: Active

Summary

Price $3,382,000
Built/Renov 2023
Tenant Heartland Dental
Cap Rate 5.95%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,192
Lease Start 12-20-2023
#Units 1,700
Price/SF $806.77
Expiration 12-31-2033
Tenant Type Medical/Health
NOI $201,216
R. Term 9.0
Ownership Fee Simple
Rent/SF $48.00
Increases 10.0%/4/yrs
Pop 5Mi 61,478
Lot/AC 1.16
Options 4/5yrs/10%
AHHI 5Mi $89,770

Lease Highlights

  • New 2023 construction
  • Heartland Dental has 9 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure | New roof in 2023
  • Corporate guarantee | Investment grade tenant

Location Description

Heartland Dental is strategically located on Highway 9, with access to 23,000 vehicles passing by daily. The property is within a half-mile of over 400 apartments that have recently been delivered or are under construction, including Grande at Geyser Falls (173 units under construction) and Peachtree Village (252 units). Additionally, it is surrounded by over 505,000 square feet of retail...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Heartland Dental Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services. Heartland Dental partners with its supported...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,726 29,644 65,709
2024 Total Population : 2,541 27,637 61,757
2024 Employed Civilian Pop : 1,198 12,924 28,669
2024 Total Businesses : 92 556 1,281
2024 Average Household Income : $ 113,637 $ 101,153 $ 91,527
2024 Total Consumer Spending : $ 93 M $ 915 M $ 1874 M
2024 Median Age : 41 38 37
2024 Total Households : 941 10,312 23,216
2024 Pop Age 25+: Bachelor's Degree : 395 3,515 7,030
2024 Average Home Value : $ 303,554 $ 304,501 $ 289,826
*ESRI data is presented for informational purposes only

Listing Broker

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