Heartland Dental | High Growth Raleigh, NC MSA
5.35% CAP | Zero Landlord Responsibilities in High Growth Raleigh, NC MSA
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
NEW CONSTRUCTION IN A HIGH TRAFFICKED CORRIDOR
The Building has recently been built to suit the tenant’s need
Transferable warranties in place
According the placer. ai the Bojangles next door is ranked in the 92% percentile nationwide in terms of visits
Along S Main St there are more than 14,500 Vehicles Per Day
BUILT IN CUSTOMER BASE: NEARBY SCHOOLS
Site is positioned as an outparcel to Rolesville Charter Academy with over 750 students providing an influx of customers
Situated less than 1.5 miles from the site are two more schools with over 1,600 more students combined
Directly northeast of the site is Rolesville Middle School with more than 1,000 students while Thales Academy is a mile away with around 650 students
NEARBY DEVELOPMENT
Site is positioned across the street from a new Publix anchored shopping center that is set to deliver in late 2025
Less than half a mile from the site are 140 newly constructed townhomes (Wallbrook Townhomes)
These two developments will have an additional 75K SF of retail, restaurant, fitness, office space, and more coming following the townhomes
RALEIGH, NC MSA
Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
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