1565 Mkt Pl blvd - Health Club FOR SALE


Ocean Isle Beach, NC 28469
$3,600,000 USD
980-498-3293
1565 Mkt Pl blvd, Ocean Isle Beach, NC for Sale
$3,600,000 USD
Health Club - FOR SALE
1/4

1565 Mkt Pl blvd
Ocean Isle Beach, NC 28469


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • OUTPARCEL TO PUBLIX ANCHORED CENTER
  • RARE LEASE STRUCTURE

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2024 Total Revenue was over $3B OUTPARCEL TO PUBLIX ANCHORED CENTER - Site is located as an outparcel to the Publix Anchored Center - Over 305K SF in a 1-mile trade area, nearby retailers include: Truist Bank, Great Clips, Feast OIB, Mavis Tires & Brakes, and more - Across the street is a top performing Lowe’s Foods anchored center TOURIST DESTINATION - Over 23K people live in a 3-mile radius, which has grown 9% over the last 5 years (According to CoStar. com) - AHHI exceeds 100K in 1,3,and 5 mile radiuses - Located between Wilmington, NC and Myrtle Beach, SC, two highly visited MSAs NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance WILMINGTON MSA - One of the fastest growing cities in the US, Wilmington’s population grew 7.98% since 2020 and is ranked number nine on the US News national list - According to the Milken Institute, Wilmington was ranked 7th best performing cities out of 200 comparable sized cities

FOR SALE DETAILS

PRICE

$3,600,000 USD

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C2

APN/PARCEL ID

243EC00203

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.