5413 Watergrass Dr - Storefront FOR SALE


Wilmington, NC 28412- Silver Lake
$3,473,000 USD
980-498-3293
5413 Watergrass Dr, Wilmington, NC for Sale
$3,473,000 USD
Storefront - FOR SALE
1/5
null | 5.2% Cap Rate

5413 Watergrass Dr
Wilmington, NC 28412
Silver Lake


HIGHLIGHTS

  • MAIN DENTAL OFFICE SERVING NEW MASTER COMMUNITY
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • HIGH GROWTH WILMINGTON, NC MSA

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 MAIN DENTAL OFFICE SERVING NEW MASTER COMMUNITY - This Heartland dental will be the main dental office serving the Riverlights community - a 1,300+ AC master community with over 3.3K homes - Northly adjacent to the site is Argento at Riverlights, a 286 unit apartment complex - Directly behind the site is Cottages at Riverlights, a 279 home development (Click Here to Read More) POSITIONED IN A DENSE RETAIL NODE W/ GREAT DEMOGRAPHICS - Over $110k AHHI in a 1-mile radius - Over 40,000 people live in a 5-mile radius - Located along a dense retail corridor with more than 1.3M Sf of retail space within a 2-mile radius - Nearby National retailers include: The Home Depot, Lowe’s Foods, Walmart Supercenter, Lowe’s Home Improvement, and more NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s need - Warranties in place HIGH GROWTH WILMINGTON, NC MSA - Within the Wilmington MSA, the growth from 2020 - 2024 was more than 13% - This Metro area ranks as the seventh fastest growing metro area in the country from 2020 - 2024

FOR SALE DETAILS

PRICE

$3,473,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Drug Store, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

R-7,RESIDE

APN/PARCEL ID

R07000-007-527-000

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.