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2149 Barracks RdCharlottesville, VA 22903
Heartland Dental | Charlottesville, VA | 5.75% Cap
Asset ClassRetail, Healthcare Facility
Cap Rate5.75%
Heartland Dental | Charlottesville, VA | 5.75% Cap

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Heartland Dental | Charlottesville, VA. The Premises is leased to Heartland Dental for a ten year initial term. The Asset is located in Charlottesville, VA and is well positioned in the premier retail market.

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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
  • 2022 Total Revenue was $1.2B

Densely Populated and Affluent Trade Market

  • Over 70K people lie within a 3-mile radius
  • AAHI within a 3-mile radius exceeds $110K

Located in Charlottesville Premier Retail Area

  • Over 1.5MSF of retail is located within a 1-mile radius
  • Down the road (0.3 miles) from Barracks Road Shopping Center, University of Virginia’s primary shopping center, which is a 411K SF open air shopping center, and includes major tenants such as Harris Teeter, Rack Room Shoes, Talbots, and Old Navy

Highly Accessible Location

  • Fronting Barracks Rd (20,000 AADT) with a dedicated left turn lane into the feeder street
  • Located directly off of Hwy 250 (51K VPD) and Emmet St. N (30K VPD)

Proximity to University of Virginia

  • Less than 1-mile to University of Virginia’s Campus
  • 16,793 undergraduate students
  • 28K total employees (including UVA Health)
  • Estimated $377M is spent by full-time students during the year
  • UVA’s total economic contribution to the state is $7.2B
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2149 Barracks RdCharlottesville, VA 22903
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Listing provided by Revere CRE