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Heartland Dental 908 S Main St 4,200 SF Retail Building Rolesville, NC 27571 $5,558,477 CAD ($1,323.45 CAD/SF) 5.20% Cap Rate

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INVESTMENT HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • NEARBY DEVELOPMENT
  • NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR

EXECUTIVE SUMMARY

RARE 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
- 2023 Total Revenue was $3B
NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been built to suit the tenant’s need
- Transferable warranties in place
- According the placer. ai the Bojangles next door is ranked in the 92% percentile nationwide in terms of visits
- Along S Main St there are more than 14,500 Vehicles Per Day
BUILT IN CUSTOMER BASE: NEARBY SCHOOLS
- Site is positioned as an outparcel to Rolesville Charter Academy with over 750 students providing an influx of customers
- Situated less than 1.5 miles from the site are two more schools with over 1,600 more students combined
- Directly northeast of the site is Rolesville Middle School with more than 1,000 students while Thales Academy is a mile away with around 650 students
NEARBY DEVELOPMENT
- Site is positioned across the street from a new Publix anchored shopping center that is set to deliver in late 2025
- Less than half a mile from the site are 140 newly constructed townhomes (Wallbrook Townhomes)
- These two developments will have an additional 75K SF of retail, restaurant, fitness, office space, and more coming following the townhomes
RALEIGH, NC MSA
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Building Class
B
Year Built
2024
Price
$5,558,477 CAD
Price Per SF
$1,323.45 CAD
Cap Rate
5.20%
NOI
$289,021 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.99 AC
Zoning
GC - General Commercial
Parking
29 Spaces (6.9 Spaces per 1,000 SF Leased)
Frontage
178’ on South Main Street

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Heartland Dental
  • Retailer
  • 4,200 SF
  • -
  • Triple Net
  • Jun 2036
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Heartland Dental Retailer 4,200 SF - Triple Net Jun 2036

NEARBY MAJOR RETAILERS

Publix
Food Lion
Workout Anytime
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1758.01-46-3244-000
Land Assessment
$1,149,084 CAD
Improvements Assessment
$1,762,999 CAD
Total Assessment
$2,912,083 CAD
  • Listing ID: 36656549

  • Date on Market: 2025-07-09

  • Last Updated:

  • Address: 908 S Main St, Rolesville, NC 27571

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