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