Attractive Lease Fundamentals
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
Corporate Guarantee from Credit Worthy Tenant
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 locations
- 2023 Total Revenue over $3B
New Construction
- The building has recently been built to suit the tenant’s need
- Transferable warranties in place
Surrounded by Hundreds of Apartments
- Over 900 apartments in close proximity: Outparcel to the Reserve at Smith Crossing, a 376 unit apartment complex
- Cross access to 1188 at Soloman, a 312 unit apartment complex under construction
- Across the street from the Grand at Union Cross, a 272 unit apartment complex under construction
Positioned on High Trafficked Retail Corridor
- Fronting Union Cross Rd (21,000 AADT) and approximately a quarter mile to I-40 (67.5K AADT)
- Over 277K SF of retail space within a 1-mile radius boasting a 1.4% vacancy rate (costar data)
- Nearby national tenants include: Ace Hardware, Taco Bell, McDonald’s, and Starbucks
High Growth Triad Area
- Over 1.7M people live in the Triad
- The region has over 900K jobs with 2.3% job growth since 2022
- Toyota is investing over $13.9B in their electric vehicle battery manufacturing facility that will bring over 3K jobs to the region