2920 Jones Franklin Rd - Medical FOR SALE


Raleigh, NC 27606
$3,830,000 USD
980-498-3293
2920 Jones Franklin Rd, Raleigh, NC for Sale
$3,830,000 USD
Medical - FOR SALE
1/5
null | 5.2% Cap Rate

2920 Jones Franklin Rd
Raleigh, NC 27606


HIGHLIGHTS

  • A TOP PERFORMING MARKET NATIONALLY
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • WELL POSITIONED IN A HEALTHY RETAIL NODE

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 - 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)

FOR SALE DETAILS

PRICE

$3,830,000 USD

PRICE/SF

$1,019 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swift Creek Dental Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

OIM

APN/PARCEL ID

0772.11-75-1925-000

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.