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Views: 77 DOM: 125 Updated: 11.25.24 Posted: 07.23.24 Status: Sold 11.25.24

Summary

Price $2,519,000
Built/Renov 2022
Tenant Heartland Dental
Cap Rate 6.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,830
Lease Start 06-03-2022
#Units 1,700
Price/SF $432.08
Expiration 06-30-2032
Tenant Type Medical/Health
NOI $157,468
R. Term 7.6
Ownership Fee Simple
Rent/SF $27.01
Increases 10.0%/3/yrs
Pop 5Mi 93,316
Lot/AC 1.32
Options 4/5yrs/10%
AHHI 5Mi $95,018

Lease Highlights

  • Heartland Dental has 7+ 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 2022
  • Corporate guarantee | Investment grade tenant

Location Description

Heartland Dental is strategically located on Timothy Road, with access to 12,400 vehicles passing by daily. The property is conveniently situated approximately 0.1 miles from a lighted intersection on Atlanta Hwy (27,400 VPD). Additionally, it is an outparcel to an Academy Sports-anchored center, which has seen approximately 330,000 visits in the trailing 12 months. There are over 2.3 million...

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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 : 6,851 35,675 97,093
2024 Total Population : 6,722 35,016 94,465
2024 Employed Civilian Pop : 3,624 18,231 45,364
2024 Total Businesses : 365 1,883 4,763
2024 Average Household Income : $ 88,908 $ 101,789 $ 101,767
2024 Total Consumer Spending : $ 265 M $ 1382 M $ 3247 M
2024 Median Age : 34 37 29
2024 Total Households : 3,391 15,467 36,223
2024 Pop Age 25+: Bachelor's Degree : 1,442 6,147 14,004
2024 Average Home Value : $ 335,720 $ 394,878 $ 433,029
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Atlanta Highway Athens Town Blvd 2019 23,800 0.34 mi
Atlanta Highway Jennings Mill Rd 2019 37,700 0.34 mi
Atlanta Hwy 2019 2,840 0.46 mi
Athens Perimeter Mitchell Bridge Rd 2015 37,800 0.47 mi
Jennings Mill Road Anna Dr 2019 4,650 0.52 mi
2019 12,200 0.52 mi
2019 9,130 0.53 mi
2019 5,010 0.53 mi
Athens Perimeter 2019 49,900 0.57 mi
Athens Perimeter Providence Rd 2018 44,400 0.57 mi

Listing Broker

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