2074 N NC 16 bus, Denver, NC 28037 For Sale

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

NEARBY MARKET DRIVERS ON LAKE NORMAN

• Located just 0.4 miles from the site is Denver Christian Academy where more than 125 kids are enrolled

• Located adjacent to Lake Norman - the largest lake in NC and a major vacation attraction, drawing over 6M annual visitors

• Adjacent to Wesport Homes, a 237 home residential community

AFFLUENT SURROUNDING DEMOGRAPHICS

• Surrounding the site within a 1-mile radius the population exceeds 3.5K people with an AHHI over $145,000

• In a 5-mile radius there are more than 40K potential customers with an AHHI greater than $160,000

RECENT RENOVATION ON HARD CORNER

• Located on a hard corner of N NC 16 Bus Hwy (13,500 VPD) & Fairfield Forest Dr (5,600 VPD) which provides strong viability and access to the site

• The Building has recently been renovated to suit the tenant’s specifications

• Tenant has paid to add specific capital improvements to enhance operational performance

CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY

• Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)

• Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)

• 5th fastest growing city from 2021 to 2022 (population change: 15,217)