Overview
Atlantic Capital Partners has been engaged to offer for sale Heartland Dental & Petfolk, an investment opportunity in Holly Springs, NC. With secure long-term leases in place, this impressive investment opportunity is a prime choice for investors seeking stable returns. Located in the thriving Raleigh MSA, the property benefits from a demographic boom with significant population growth, high incomes, and a projected 14.44% population increase by 2027 within a 1-mile radius. Situated on a well-trafficked retail corridor next to Harris Teeter, Lowe's Home Improvement, and Walmart Supercenter, this property enjoys high visibility and consistent foot traffic. The highly-resilient tenant mix, featuring Heartland Dental and Petfolk, ensures a recession-proof investment. Both tenants have demonstrated resilience even during economic downturns and pandemics. Prepare for future growth with Petfolk, a brand poised for exceptional expansion, benefiting from the booming pet industry, which is projected to grow to $275 billion by 2030. Additionally, Heartland Dental, backed by Heartland Corporate guaranty, provides added stability and confidence. This brand-new construction and remodel offer a modern and enticing setting for customers, further driving foot traffic and ensuring the success of both tenants.
Investment Highlights
Demographic Boom
- 57.17% 1-mile population growth since 2010
- 14.44% 1-mile projected population growth through 2027
- $121,611 average HHI within a 1-mile radius
Raleigh MSA
- Located just 20 miles outside of Raleigh’s City Center, the subject property will be a direct beneficiary of the rapid expansion that Raleigh and the surrounding areas continue to experience
Resistant To Economic Downturn or Pandemic Disruption
- The Pet and Dentist industries perform well under any circumstances, assuring the continued success of both tenants
Well-Trafficked Retail Corridor
- Within close proximity to Harris Teeter (831.6k visitors TTM)
- Lowe’s Home Improvement, and Walmart Supercenter (1.4M visitors TTM)
Hot Bed for New Development
- With over 843 multifamily units and 157 single-family homes planned or developed along Stephens Road, the surrounding area is among the hottest target markets in the country
Heartland Corporate Guaranty
- Heartland Dental supports more than 2,400 doctors in more than 1,600 offices and is well-capitalized by the parent company, KKR
Petfolk Primed for Growth
- Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030
- Half of all F500 companies offer pet insurance as a voluntary employee benefit
Brand New Construction and Remodel
- The location will consist of the most updated branding and the latest prototype for both tenants, which will provide an incentive for more customers to visit the stores
High Traffic Counts
- The property is located near the intersection of NC 55 Bypass (57,000 ADT) and Avent Ferry Road (15,000 ADT)
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