Heartland Dental | Abs. NNN - Columbia, SC
5.35% CAP | Zero Landlord Responsibilities in High Growth Columbia, SC
Investment highlights
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
2024 Total Revenue was over $3B
POSITIONED IN HIGH DEMAND RETAIL CORRIDOR
This Heartland Dental is positioned along the busy commuter thoroughfare Hardscrabble Rd (25.7K VPD) with full access into the site
Within a 1-mile radius of the site is more than 517K SF of retail space boasting a 2.2% vacancy rate
Nearby National Retailers Include: Publix Super Market, Food Lion, Lowe’s Home Improvement, Kroger Marketplace, and more
CLOSE PROXIMITY TO LARGE STUDENT CUSTOMER BASE
Site is located across the street from the Lake Murray Montessori School with just under 100 students
Under 0.75 miles from the site is Rice Creek Elementary with over 750 students
Just one mile from the site along Hardscrabble road is Ridge View High School which has over 1,700 students
STRONG DEMOGRAPHICS IN SC’S STATE CAPITAL
Surrounding the site within a 1-mile radius the population exceeds 10K people with an AHHI over $90,000
In a 5-mile radius there are more than 113K potential customers with an AHHI greater than $100,000
NEW CONSTRUCTION
The Building has recently been built to suit the tenant’s specifications
Tenant has paid to add specific capital improvements to enhance operational performance
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