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25509550
29806438

2211 W Arbors Dr, Charlotte, NC 28262

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$3,688,000
111 days on market
Updated 14 days ago

Heartland Dental | Charlotte, NC

Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront (+1)
Square Footage 3,992
Net Rentable (SqFt) 3,992
Cap Rate 5.3%
NOI $195,456
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 10/31/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options 4 x 5 Years
Broker Co-Op Yes
Class A
Year Built 2008
Year Renovated 2024
Acreage 1.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/12/2024
Ownership Fee Simple

5.30% CAP | Close Proximity to UNC Charlotte

Investment highlights

ABS. NNN 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 AFFLUENT DEMOGRAPHICS & UNC CHARLOTTE

  • AHHI exceeds 140K in a 1-mile radius

  • Just under 3 miles from the site is the University of North Carolina at Charlotte

  • This university has over 31,000 students enrolled and employs more than 3,700 people, making it the largest university in the UNC system

  • UNC Charlotte is one of the largest employers in the Charlotte area

UNIVERSITY CITY RESEARCH PARK

  • Site is positioned in the 3.4M SF research park

  • Inside this area are major employers such as the IRS, Concentrix, Allied Universal Security Services, United Rentals, Flexential Data Center, Valspar, and more

  • This site also benefits from nearby orthodontists and other medical centers adding an ancillary customer base

RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR

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

  • Site is positioned off of busy Mallard Creek Church Rd (28K VPD) and just 1.3 miles west of busy I-85 (154K VPD)

CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY

  • Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country

  • The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050

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
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,456.00
$16,288.00/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
David Hoppe
License
NC 288268
Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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