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Heartland Dental - Concord, NC 9685 Harris Rd 4,013 SF Office Building Concord, NC 28027 $3,678,008 CAD ($916.52 CAD/SF) 6.75% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- CHARLOTTE MSA - MAJOR FINANCIAL & CORPORATE HUB
- PURPOSE-BUILT DENTAL FACILITY
- INDUSTRY-LEADING SCALE & MARKET POSITION
- LONG-TERM CORPORATE-GUARANTEED INCOME
- PREMIUM RENT PROFILE
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,013-square-foot net-leased medical asset located at 9685 Harris Road
in Concord, North Carolina. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with
approximately 5.1 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options,
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2008 as a purpose-built dental facility, the property occupies a highly visible position along Harris Road within one of Concord’s premier suburban retail
corridors. The asset benefits from strong surrounding retail fundamentals and continued residential and commercial growth throughout the immediate trade area.
Located approximately 25 miles northeast of Downtown Charlotte, Concord is one of the fastest-growing communities within the Charlotte MSA and serves as a major residential, retail, and employment hub for Cabarrus County. Supported by strong population growth, affluent demographics, and proximity to one of the Southeast’s most dynamic metropolitan areas, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of North Carolina’s strongest suburban growth markets.
in Concord, North Carolina. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with
approximately 5.1 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options,
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2008 as a purpose-built dental facility, the property occupies a highly visible position along Harris Road within one of Concord’s premier suburban retail
corridors. The asset benefits from strong surrounding retail fundamentals and continued residential and commercial growth throughout the immediate trade area.
Located approximately 25 miles northeast of Downtown Charlotte, Concord is one of the fastest-growing communities within the Charlotte MSA and serves as a major residential, retail, and employment hub for Cabarrus County. Supported by strong population growth, affluent demographics, and proximity to one of the Southeast’s most dynamic metropolitan areas, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of North Carolina’s strongest suburban growth markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
4,013 SF
Building Class
B
Year Built
2008
Price
$3,678,008 CAD
Price Per SF
$916.52 CAD
Cap Rate
6.75%
NOI
$248,304 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,013 SF
Building FAR
0.09
Lot Size
1.08 AC
Zoning
CUC-2 - Commercial Urban Campus
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4681-02-4281-0000 | Improvements Assessment | $1,189,547 CAD |
| Land Assessment | $1,460,185 CAD | Total Assessment | $2,649,732 CAD |
Property Taxes
Parcel Number
4681-02-4281-0000
Land Assessment
$1,460,185 CAD
Improvements Assessment
$1,189,547 CAD
Total Assessment
$2,649,732 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Atlantic Capital Partners
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Heartland Dental - Concord, NC | 9685 Harris Rd
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