Log In/Sign Up
Your email has been sent.
Heartland Dental 11840 SC-707 4,200 SF 100% Leased Retail Building Murrells Inlet, SC 29576 $4,470,803 CAD ($1,064.48 CAD/SF) 5.65% Cap Rate
Investment Highlights
- LARGEST DENTAL ORGANIZATION GUARANTY
- HIGH GROWTH MURRELLS INLET – A TOP VACATION MARKET
- HIGHLY VISIBLE SITE NEXT TO PRINCE CREEK VILLAGE CENTER
Executive Summary
STRONG LEASE FUNDAMENTALS
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
HIGHLY VISIBLE SITE NEXT TO PRINCE CREEK VILLAGE CENTER
- Cross access to a lighted intersection off of Hwy 707 (24.7K VPD)
- Over 1.8MSF of retail space located in a 2 mile radius
- Nearby National tenants include: Home Depot (#1 in the state), Walmart, & Publix
- Cross access to Prince Creek Village, a Publix Anchored Center, and Magnolia Bridge at Murrells Inlet, a 107 unit senior living complex
- Over 2.8K homes are located in a 1-mile radius
HIGH GROWTH MURRELLS INLET – A TOP VACATION MARKET
- Murrells Inlet population increased by more than 6.21% in 2021-2022, while median HHI increased 4.47% in same time span (DataUSA)
- Over 17.6M people visited Murrells Inlet in 2023, accounting for over $12.5B in economic impact by direct visitor spending, a 4.7% increase from 2022
MYRTLE BEACH MSA
- Over 36K people live in a 3-mile radius, which has grown at an annual rate of 3.3% over the last 5 years (According to
- Myrtle Beach has been named the fastest grown City in the US for a 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010
LOCATED IN HEALTHY RETAIL TRADE AREA
- Over 138K SF of absorpotion in last 12 months with a 0.6% vacancy rate
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
HIGHLY VISIBLE SITE NEXT TO PRINCE CREEK VILLAGE CENTER
- Cross access to a lighted intersection off of Hwy 707 (24.7K VPD)
- Over 1.8MSF of retail space located in a 2 mile radius
- Nearby National tenants include: Home Depot (#1 in the state), Walmart, & Publix
- Cross access to Prince Creek Village, a Publix Anchored Center, and Magnolia Bridge at Murrells Inlet, a 107 unit senior living complex
- Over 2.8K homes are located in a 1-mile radius
HIGH GROWTH MURRELLS INLET – A TOP VACATION MARKET
- Murrells Inlet population increased by more than 6.21% in 2021-2022, while median HHI increased 4.47% in same time span (DataUSA)
- Over 17.6M people visited Murrells Inlet in 2023, accounting for over $12.5B in economic impact by direct visitor spending, a 4.7% increase from 2022
MYRTLE BEACH MSA
- Over 36K people live in a 3-mile radius, which has grown at an annual rate of 3.3% over the last 5 years (According to
- Myrtle Beach has been named the fastest grown City in the US for a 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010
LOCATED IN HEALTHY RETAIL TRADE AREA
- Over 138K SF of absorpotion in last 12 months with a 0.6% vacancy rate
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,200 SF
Year Built
2026
Price
$4,470,803 CAD
Price Per SF
$1,064.48 CAD
Cap Rate
5.65%
NOI
$252,585 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.91 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- 4,200 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | 4,200 SF | - | - |
Nearby Major Retailers
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Connor Kuchman -
Ben McCarter -
Atlantic Capital Partners
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Heartland Dental | 11840 SC-707
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.