707 Sunshine Way - Medical FOR SALE


Greensboro, NC 27409- Outer Northwest I-40 Corridor
$3,480,000 USD
336-706-1290
707 Sunshine Way, Greensboro, NC for Sale
$3,480,000 USD
Medical - FOR SALE
1/12
null | 6% Cap Rate

707 Sunshine Way
Greensboro, NC 27409
Outer Northwest I-40 Corridor


HIGHLIGHTS

  • The property is leased to Apex Dental Laboratory Group, an established commercial dental laboratory and production operation with 16 locations
  • This site is the 3rd largest facility in the U.S. and represents Apex Dental Group’s flagship facility in the southeast region
  • Tenant responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, providing a truly passive income stream
  • 10-year initial term (Dec. 2024 – Dec. 2034) with one 5-year renewal option, offering outstanding tenure and minimal rollover risk
  • Landlord obligations limited to major structural/exterior repairs and major system replacements only when not caused by tenant negligence
  • Dental laboratory and production space with specialized infrastructure creates high re-tenanting barriers and tenant stickiness

OVERVIEW

Apex Dental Laboratory Group presents an investment-grade single-tenant net lease opportunity backed by an established national commercial dental laboratory operator with 16 locations across the United States. The tenant occupies a purpose-built ±15,739 SF production and laboratory facility that serves as Apex Dental Laboratory Group’s 3rd largest operation nationwide and flagship Southeast regional hub, underscoring the strategic importance of the location. The property is secured by a long-term 10-year NNN lease extending from December 2024 through December 2034, with an additional 5-year renewal option, providing durable cash flow and minimal rollover risk. Under the lease structure, the tenant is responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, creating a highly passive ownership opportunity. Landlord responsibilities are limited primarily to major structural and exterior repairs along with major system replacements not caused by tenant negligence. The facility’s specialized dental laboratory infrastructure and high replacement cost create significant barriers to re-tenanting, reinforcing tenant retention, operational commitment, and long-term occupancy stability.

FOR SALE DETAILS

PRICE

$3,480,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apex Dental Lab | NNN Investment Asset

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,986 SF

ZONING

CLI

APN/PARCEL ID

0098258

ASK ABOUT THIS PROPERTY

Spencer CriglerOne Alliance CompaniesMore Info
336-706-1290

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Spencer CriglerOne Alliance CompaniesMore Info
336-706-1290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.