Listed by Stream Capital Partners
$3,668,437
Heartland Dental and T-Mobile
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 6,405
Cap Rate 6.4%
NOI $234,780
Occupancy 100%
Tenancy Multi
Brand/Tenant Heartland Dental, T- Mobile
Lease Type NN
Rent Bumps Yes
Lease Options 3 - 5 Year Options
Year Built 2023
Acreage 1.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Corporate Guarantees I Brand New Construction
Marketing description
Lease commitment: 10-year leases with three 5-year renewal options and annual rent increases, demonstrating their commitment to the market and location.
Investment highlights
Well Positioned: Situated just off Winchester Rd which has a traffic count of over 20,000 VPD.
Affluent Area: The average household income within a 3 mile radius is $105,000.
Retail Dense Location: Located near other national tenants such as Publix, Whataburger, Taco Bell, Tire Discounters, Autozone, Express Oil Change, and Walmart
Corporate Guarantees: Heartland Dental currently operates 1,700 stores across 39 states. T-Mobile operates over 7,500 retail stores
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,780.00
$19,565.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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