Heartland Dental | North Myrtle Beach, SC
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
The subject property is approximately 30 miles north of the Grand Strand
LOCATED IN HEALTHY RETAIL TRADE AREA
Within a 1-mile radius of the site there is more than 1.8M SF of retail space boasting a 0.6% vacancy rate
Nearby national retailers include: Kroger, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, and much more
NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY
The Building has recently been built to suit the tenant’s need
Warranties in place
Site is positioned off of busy I-17 (44.1K VPD) with great visibility from the highway
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 the fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023)
42% increases from 2010
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