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
- 2023 Total Revenue was $3B
HIGH GROWTH AND AFFLUENT TRADE AREA
- Over 7k people live within 1-mile of the site with an AHHI of $130K+ and a population growth of 1.7% annually
- Within the 1,3,and 5 mile radiuses the average household income exceeds 100K which is significantly above the national average
WELL POSITIONED IN A HEALTHY RETAIL NODE
- The site is located at a lighted intersection in a top performing trade area
- Over 1.4MSF of retail space in a 1-mile radius with a vacancy rate of under 0.5%
- Nearby national retailers include: Kohl’s, Best Buy, Target, The Home Depot, Marshalls, Lowe’s Homes Improvement, and much more
RECENT RENOVATIONS
- The Building has recently been built to suit the tenant’s need
- Warranties in place
A TOP PERFORMING MARKET NATIONALLY
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)