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