ABS. NNN 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 AFFLUENT DEMOGRAPHICS & UNC CHARLOTTE
- AHHI exceeds 140K in a 1-mile radius
- Just under 3 miles from the site is the University of North Carolina at Charlotte
- This university has over 31,000 students enrolled and employs more than 3,700 people, making it the largest university in the UNC system
- UNC Charlotte is one of the largest employers in the Charlotte area
UNIVERSITY CITY RESEARCH PARK
- Site is positioned in the 3.4M SF research park
- Inside this area are major employers such as the IRS, Concentrix, Allied Universal Security Services, United Rentals, Flexential Data Center, Valspar, and more
- This site also benefits from nearby orthodontists and other medical centers adding an ancillary customer base
RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been renovated to suit the tenant’s need
- Site is positioned off of busy Mallard Creek Church Rd (28K VPD) and just 1.3 miles west of busy I-85 (154K VPD)
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050