Heartland Dental | Charlotte, NC
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
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