9685 Harris Rd - Medical FOR SALE


Concord, NC 28027
$2,607,000 USD
980-498-3293
9685 Harris Rd, Concord, NC for Sale
$2,607,000 USD
Medical - FOR SALE
1/3
null | 6.75% Cap Rate

9685 Harris Rd
Concord, NC 28027


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • CHARLOTTE MSA - MAJOR FINANCIAL & CORPORATE HUB
  • LONG-TERM CORPORATE-GUARANTEED INCOME
  • PURPOSE-BUILT DENTAL FACILITY
  • PREMIUM RENT PROFILE

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,013-square-foot net-leased medical asset located at 9685 Harris Road in Concord, North Carolina. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 5 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2008 as a purpose-built dental facility, the property occupies a highly visible position along Harris Road within one of Concord’s premier suburban retail corridors. The asset benefits from strong surrounding retail fundamentals and continued residential and commercial growth throughout the immediate trade area. Located approximately 25 miles northeast of Downtown Charlotte, Concord is one of the fastest-growing communities within the Charlotte MSA and serves as a major residential, retail, and employment hub for Cabarrus County. Supported by strong population growth, affluent demographics, and proximity to one of the Southeast’s most dynamic metropolitan areas, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of North Carolina’s strongest suburban growth markets.

FOR SALE DETAILS

PRICE

$2,607,000 USD

PRICE/SF

$605 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Concord, NC

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

CUC-2

APN/PARCEL ID

4681-02-4281-0000

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 Notice.