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