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Apex Dental Lab | NNN Investment Asset 707 Sunshine Way 15,825 SF 100% Leased Office Building Greensboro, NC 27409 $4,776,231 CAD ($301.82 CAD/SF) 6% Cap Rate



Investment Highlights
- The property is leased to Apex Dental Laboratory Group, an established commercial dental laboratory and production operation with 16 locations
- Tenant responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, providing a truly passive income stream
- Landlord obligations limited to major structural/exterior repairs and major system replacements only when not caused by tenant negligence
- This site is the 3rd largest facility in the U.S. and represents Apex Dental Group’s flagship facility in the southeast region
- 10-year initial term (Dec. 2024 – Dec. 2034) with one 5-year renewal option, offering outstanding tenure and minimal rollover risk
- Dental laboratory and production space with specialized infrastructure creates high re-tenanting barriers and tenant stickiness
Executive Summary
Apex Dental Laboratory Group presents an investment-grade single-tenant net lease opportunity backed by an established national commercial dental laboratory operator with 16 locations across the United States. The tenant occupies a purpose-built ±15,739 SF production and laboratory facility that serves as Apex Dental Laboratory Group’s 3rd largest operation nationwide and flagship Southeast regional hub, underscoring the strategic importance of the location. The property is secured by a long-term 10-year NNN lease extending from December 2024 through December 2034, with an additional 5-year renewal option, providing durable cash flow and minimal rollover risk. Under the lease structure, the tenant is responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, creating a highly passive ownership opportunity. Landlord responsibilities are limited primarily to major structural and exterior repairs along with major system replacements not caused by tenant negligence. The facility’s specialized dental laboratory infrastructure and high replacement cost create significant barriers to re-tenanting, reinforcing tenant retention, operational commitment, and long-term occupancy stability.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,825 SF
Building Class
C
Year Built
2002
Price
$4,776,231 CAD
Price Per SF
$301.82 CAD
Cap Rate
6%
NOI
$286,442 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,825 SF
Building FAR
0.12
Lot Size
3.03 AC
Zoning
CLI - Commercial Light industrial
Parking
72 Spaces (4.55 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Apex Dental Laboratory Group
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Apex Dental Laboratory Group | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0098258 | Improvements Assessment | $2,295,547 CAD |
| Land Assessment | $518,858 CAD | Total Assessment | $2,814,405 CAD |
Property Taxes
Parcel Number
0098258
Land Assessment
$518,858 CAD
Improvements Assessment
$2,295,547 CAD
Total Assessment
$2,814,405 CAD
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Apex Dental Lab | NNN Investment Asset | 707 Sunshine Way
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