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
HARD-CORNERED SITE
- Prominent hard-corner positioning at the signalized intersection of Challenger Ave (Route 460) and Carson Rd
- Excellent access and visibility to over 34,000 vehicles per day
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 491K SF of retail space
- Vacancy Rate within that radius is 0.3%
- Nearby national retailers include: Kroger, Lowe’s Home Improvement, Walmart Supercenter, and more
NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been constructed to suit the tenant’s need
- Site is positioned off of busy SR 64 E (31K VPD)
HIGH GROWTH ROANOKE-DANVILLE-LYNCHBURG, MSA
- The Roanoke–Danville–Lynchburg regional market is forecasted to grow ~1.8% over the next 5 years (from ~1,139,848 to ~1,160,033)
- Roanoke MSA population ~315,749 in 2024
- Lynchburg MSA’s median household income has risen steadily, now ~$67,782
- The combined corridor is seeing reinvestment and expansion in retail, medical, and residential sectors as the geographic crossroads between two growth hubs of southern/central Virginia