908 S Main St - Freestanding FOR SALE


Rolesville, NC 27571
$3,984,000 USD
980-498-3293
908 S Main St, Rolesville, NC for Sale
$3,984,000 USD
Freestanding - FOR SALE
1/5
null | 5.2% Cap Rate

908 S Main St
Rolesville, NC 27571


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR
  • NEARBY DEVELOPMENT

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 NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR - The Building has recently been built to suit the tenant’s need - Transferable warranties in place - According the placer. ai the Bojangles next door is ranked in the 92% percentile nationwide in terms of visits - Along S Main St there are more than 14,500 Vehicles Per Day BUILT IN CUSTOMER BASE: NEARBY SCHOOLS - Site is positioned as an outparcel to Rolesville Charter Academy with over 750 students providing an influx of customers - Situated less than 1.5 miles from the site are two more schools with over 1,600 more students combined - Directly northeast of the site is Rolesville Middle School with more than 1,000 students while Thales Academy is a mile away with around 650 students NEARBY DEVELOPMENT - Site is positioned across the street from a new Publix anchored shopping center that is set to deliver in late 2025 - Less than half a mile from the site are 140 newly constructed townhomes (Wallbrook Townhomes) - These two developments will have an additional 75K SF of retail, restaurant, fitness, office space, and more coming following the townhomes RALEIGH, NC MSA - 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

$3,984,000 USD

PRICE/SF

$949 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

GC

APN/PARCEL ID

1758.01-46-3244-000

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.