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2065 Timothy RdAthens, GA 30606
Heartland Dental | Athens, GA | 6.25% Cap
Asset ClassRetail
Cap Rate6.25%
Heartland Dental | Athens, GA | 6.25% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Heartland Dental in Athens, GA. The Premises is leased to Heartland Dental for a ten year initial term with 8 years remaining. The Asset is located in one of Athens, GA’s premier retail corridors on an outparcel to an Academy Sports-anchored shopping center

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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
  • 2023 Total Revenue over $3B

Athens, GA MSA (College Town: Built-In Customer Base)

  • Athens-Clarke county employs roughly 103K people
  • Home to University of Georgia, ~40K total students at 7.7K full-time staff members, and contributes to more than $8.1B to the state economy

Clarke Crossing Outparcel

  • Out-Parcel to a 71K SF Academy Sports anchored center (~330K visits in Trailing 12 months)
  • Co-Tenants include: Chick-Fil-A, Outback Steakhouse, and Dollar Tree

Positioned on High Trafficked Retail Corridor

  • Fronting Timothy Rd (12,400 VPD) and approximately 0.1miles to a lighted intersection on Atlanta Hwy (27,400 VPD)
  • Over 2.3MSF of retail space within a 1-mile radius boasting a 1.1 vacancy rate
  • Nearby National Retailers: Target, Publix, Planet Fitness, Barnes & Nobles, and Aldi

Recently Renovated Building

  • Building has been renovated and retrofitted to suit tenant’s needs
  • Transferable warranties in place
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2065 Timothy RdAthens, GA 30606
University of Georgia (~40K students)

Sales Team

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Listing provided by Revere CRE