Heartland Dental | High Growth Myrtle Beach
5.35% CAP | Zero Landlord Responsibilities in High Growth Myrtle Beach, 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
2023 Total Revenue was $3B
TOURIST DESTINATION
Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
Home to 25 international companies, in the top 10 for Foreign Direct Investment
HOLMESTOWN COMMONS
Site is an outparcel to the Food Lion anchored shopping center Holmestown Commons
According to Placer.ai the center is highly visited - Adjacent to a top performing sonic (80th percentile across all sonics)
NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS
Within a mile of the site is the St. James Schools
St. James Middle School has over 920 students and is only half a mile from the site
Even closer to the site is St. James Elementary School with over 850 students
Around a mile from the site is St. James High School with over 1,900 students on their 60 acres campus
MYRTLE BEACH MSA
Over 40K people live in a 3-mile radius, which has grown at an annual rate of 2.9% over the last 5 years (According to
Myrtle Beach has been named fastest grown City in the US for 3rd straight year (U.S. News & World Report 2023)
42% increases from 2010
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