2074 N NC 16 Business Hwy - Medical FOR SALE


Denver, NC 28037
$3,443,000 USD
980-498-3293
2074 N NC 16 Business Hwy, Denver, NC for Sale
$3,443,000 USD
Medical - FOR SALE
1/4
null | 5.1% Cap Rate

2074 N NC 16 Business Hwy
Denver, NC 28037


HIGHLIGHTS

  • RECENT RENOVATION ON HARD CORNER
  • CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
  • LARGEST DENTAL ORGANIZATION GUARANTY

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 NEARBY MARKET DRIVERS ON LAKE NORMAN - Located just 0.4 miles from the site is Denver Christian Academy where more than 125 kids are enrolled - Located adjacent to Lake Norman - the largest lake in NC and a major vacation attraction, drawing over 6M annual visitors - Adjacent to Westport Homes, a 237 home residential community AFFLUENT SURROUNDING DEMOGRAPHICS - Surrounding the site within a 1-mile radius the population exceeds 3.5K people with an AHHI over $145,000 - In a 5-mile radius there are more than 40K potential customers with an AHHI greater than $160,000 RECENT RENOVATION ON HARD CORNER - Located on a hard corner of N NC 16 Bus Hwy (13,500 VPD) & Fairfield Forest Dr (5,600 VPD) which provides strong viability and access to the site - The Building has recently been renovated to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY - Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage) - Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022) - 5th fastest growing city from 2021 to 2022 (population change: 15,217)

FOR SALE DETAILS

PRICE

$3,443,000 USD

PRICE/SF

$843 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westport Dental Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

-

APN/PARCEL ID

71128

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.