deal image
1472 Jag Branch BlvdKernersville, NC 27284
Heartland Dental | Greensboro, NC MSA | 6.00% Cap
Asset ClassRetail
Cap Rate6%
Heartland Dental | Greensboro MSA | 6.00% Cap
overview of deal


Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Heartland Dental in Kernersville, NC. The Premises is leased to Heartland Dental for a ten year initial term with 8 years remaining. The Asset was recently constructed and is located off of I-40 on an outparcel to a recently delivered multi-family development and is surrounded by hundreds of apartment units, which provides for a built-in customer base.

Access the Data Room

Investment Highlights

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
deal gallery image
deal gallery image
deal gallery image
1472 Jag Branch BlvdKernersville, NC 27284
The Reserve at Smith Crossing (376 unit apartment)
1188 at Soloman (312 unit apartment)

Sales Team

deal image


Listing provided by Revere CRE