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24798434
29806342

4547 Hard Scrabble Rd, Columbia, SC 29229

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$3,577,000
146 days on market
Updated 49 days ago

Heartland Dental | Abs. NNN - Columbia, SC

Details
Property Type Retail
Sub Type Storefront, Dentist
Square Footage 4,160
Net Rentable (SqFt) 4,160
Cap Rate 5.35%
NOI $191,360
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 11/30/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options 4 x 5 Years
Broker Co-Op Yes
Class A
Year Built 2024
Acreage 1.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/26/2024
Ownership Fee Simple

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

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$191,360.00
$15,946.67/mo

Valuation Metrics

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DSCR
5.35%
Cap Rate
5.35%
ROI

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