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Heartland Dental 2211 W Arbors Dr 3,992 SF Retail Building Charlotte, NC 28262 $5,140,921 CAD ($1,287.81 CAD/SF) 5.20% Cap Rate
Investment Highlights
- NEARBY AFFLUENT DEMOGRAPHICS & UNC CHARLOTTE
- RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR
- LARGEST DENTAL ORGANIZATION GUARANTY
Executive Summary
ABS. NNN LEASE STRUCTURE
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
NEARBY AFFLUENT DEMOGRAPHICS & UNC CHARLOTTE
- AHHI exceeds 140K in a 1-mile radius
- Just under 3 miles from the site is the University of North Carolina at Charlotte
- This university has over 31,000 students enrolled and employs more than 3,700 people, making it the largest university in the UNC system
- UNC Charlotte is one of the largest employers in the Charlotte area
UNIVERSITY CITY RESEARCH PARK
- Site is positioned in the 3.4M SF research park
- Inside this area are major employers such as the IRS, Concentrix, Allied Universal Security Services, United Rentals, Flexential Data Center, Valspar, and more
- This site also benefits from nearby orthodontists and other medical centers adding an ancillary customer base
RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been renovated to suit the tenant’s need
- Site is positioned off of busy Mallard Creek Church Rd (28K VPD) and just 1.3 miles west of busy I-85 (154K VPD)
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
NEARBY AFFLUENT DEMOGRAPHICS & UNC CHARLOTTE
- AHHI exceeds 140K in a 1-mile radius
- Just under 3 miles from the site is the University of North Carolina at Charlotte
- This university has over 31,000 students enrolled and employs more than 3,700 people, making it the largest university in the UNC system
- UNC Charlotte is one of the largest employers in the Charlotte area
UNIVERSITY CITY RESEARCH PARK
- Site is positioned in the 3.4M SF research park
- Inside this area are major employers such as the IRS, Concentrix, Allied Universal Security Services, United Rentals, Flexential Data Center, Valspar, and more
- This site also benefits from nearby orthodontists and other medical centers adding an ancillary customer base
RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been renovated to suit the tenant’s need
- Site is positioned off of busy Mallard Creek Church Rd (28K VPD) and just 1.3 miles west of busy I-85 (154K VPD)
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,992 SF
Year Built/Renovated
2008/2024
Price
$5,140,921 CAD
Price Per SF
$1,287.81 CAD
Cap Rate
5.20%
NOI
$267,435 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.08 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- 3,992 SF
- -
- Oct 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | 3,992 SF | - | Oct 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 029-011-38 | Improvements Assessment | $1,880,178 CAD |
| Land Assessment | $1,414,445 CAD | Total Assessment | $3,294,623 CAD |
Property Taxes
Parcel Number
029-011-38
Land Assessment
$1,414,445 CAD
Improvements Assessment
$1,880,178 CAD
Total Assessment
$3,294,623 CAD
Contacts
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Heartland Dental | 2211 W Arbors Dr
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