7180 NC-73Denver, NC 28037
Heartland Dental | Denver, NC | 5.9% Cap
Heartland Dental | Denver, NC | 5.9% Cap
Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Heartland Dental in Denver, NC (Charlotte MSA). The Premises is leased to Heartland Dental for a ten year initial term with 10% rental increases every 5 years. The Asset is located along NC-73 (29,500 VPD) on an outparcel to a Lowe’s Home Improvement and across the street from a Walmart Supercenter.
Investment Highlights
STRATEGICALLY LOCATED IN RETAIL NODE
- Outparcel to a Lowe’s Home Improvement and Aldi anchored center
- Along Denvers primary retail corridor
CHARLOTTE MSA TAILWINDS
- Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
ACCESSIBLE LOCATION ON HIGHLY TRAFFICKED ROAD
- Fronting Highway 73 (29,500 VPD) with cross access through the shopping center at two full access intersections
- Directly off of State Highway 16 (29,500 VPD)
- Two lighted intersections to get into the shopping center
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 was recently constructed
- Transferable roof warranties in place
Photo Gallery
7180 NC-73Denver, NC 28037
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE