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
Highly Accessible Location
- Located directly off of W. Main St (25K AADT) on a signalized intersection
- Cross access to Spartan Square Shopping Center and Planet Fitness
Located in Salem’s Premier Retail Corridor
- Located on an out parcel of Spartan Square, a 168K SF open air shopping center, over 1.7M visits in TTM
- Major Nearby Tenants include: Kroger, Walmart Supercenter, Planet Fitness, Ollie’s Bargain Outlet, Starbucks, Chick-Fil-A, and Jimmy Johns
Near Major Employment Centers & High School
- Less than half mile to Salem High School (1,249 students)
- Less than 1.5 miles to US Food’s 356k SF distribution facility
- Less that 3.4 miles to Atlas Logistics 486K SF distribution facility