620 Chessie Sta - Health Club FOR SALE


Apex, NC 27502- Cary Crossroads/Apex
$3,801,000 USD
980-498-3293
620 Chessie Sta, Apex, NC for Sale
$3,801,000 USD
Health Club - FOR SALE
1/4
null | 5.1% Cap Rate

620 Chessie Sta
Apex, NC 27502
Cary Crossroads/Apex


HIGHLIGHTS

  • NEW CONSTRUCTION IN MIXED USE DEVELOPMENT
  • RARE LEASE STRUCTURE
  • RALEIGH, NC - A TOP PERFORMING MARKET NATIONALLY

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 - 2024 Total Revenue was over $3B POSITIONED IN HIGH DEMAND TRADE AREA - Within a 1-mile radius of the Heartland Dental is more than 857K SF of retail space boasting a 0.5% vacancy rate - Nearby National Retailers Include: Food Lion, Lidl, Costco Wholesale, Harris Teeter, Academy Sports & Outdoors, and more HIGHLY AFFLUENT APEX - Located in Apex, NC which has experienced an 18.25% population growth since 2020 - Surrounding the site within a 1-mile radius the population exceeds 9K people with an AHHI over $150,000 - In a 5-mile radius there are more than 175K potential customers with an AHHI greater than $170,000 NEW CONSTRUCTION IN MIXED USE DEVELOPMENT - Outparcel to Villages of Apex, a 166 Townhouse Community - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance RALEIGH, NC - 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

$3,801,000 USD

PRICE/SF

$892 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

0742.15-63-6321-000

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.