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)