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32627288
32627287

707 Sunshine Way, Greensboro, NC 27409 For Sale

LP
NC 306809, SC 127381 (+2)
One Alliance Companies
SC
NC NC 197597
One Alliance Companies
PQ
NC, NC 279753
One Alliance Companies
Listed by One Alliance Companies
$3,480,000
68 days on market
Updated 68 days ago

Apex Dental Lab | NNN Investment Asset

Details
Property Type Office
Sub Type Medical Office
Square Footage 15,825
Cap Rate 6.00%
NOI $208,704
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 01/01/2034
Remaining Term 8.5
Class A
Stories 1
Acreage 1.900
Parking Spaces 72 spaces
Parking per 1,000 SqFt 4.55
Investment Type Net Lease
Lease Commencement 01/01/2025

Single Tenant Net Lease (NNN) | Investment Opportunity

Marketing description

Apex Dental Laboratory Group presents an investment-grade single-tenant net lease opportunity backed by an established national commercial dental laboratory operator with 16 locations across the United States. The tenant occupies a purpose-built ±15,739 SF production and laboratory facility that serves as Apex Dental Laboratory Group’s 3rd largest operation nationwide and flagship Southeast regional hub, underscoring the strategic importance of the location. The property is secured by a long-term 10-year NNN lease extending from December 2024 through December 2034, with an additional 5-year renewal option, providing durable cash flow and minimal rollover risk. Under the lease structure, the tenant is responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, creating a highly passive ownership opportunity. Landlord responsibilities are limited primarily to major structural and exterior repairs along with major system replacements not caused by tenant negligence. The facility’s specialized dental laboratory infrastructure and high replacement cost create significant barriers to re-tenanting, reinforcing tenant retention, operational commitment, and long-term occupancy stability.

Investment highlights

  • Credit Tenant — The property is leased to Apex Dental Laboratory Group, an established commercial dental laboratory and production operation with 16 locations
  • This site is the 3rd largest facility in the U.S. and represents Apex Dental Group’s flagship facility in the southeast region.
  • Apex Dental Laboratory Group is a commercial dental laboratory and production company operating out of a purpose-built 15,739 SF facility, reflecting the scale and infrastructure of a serious, entrenched operator
  • NNN Lease — Tenant responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, providing a truly passive income stream for the investor
  • Long-Term Lease Security — 10-year initial term (Dec. 2024 – Dec. 2034) with one 5-year renewal option, offering outstanding tenure and minimal rollover risk
  • Lessor-Favorable Responsibilities — Landlord obligations limited to major structural/exterior repairs and major system replacements (HVAC, plumbing, electrical) only when not caused by tenant negligence
  • Specialized Use / High Replacement Cost — Dental laboratory and production space with specialized infrastructure creates high re-tenanting barriers and tenant stickiness

Listing Contacts

LP
NC 306809, SC 127381 (+2)
One Alliance Companies
SC
NC NC 197597
One Alliance Companies
PQ
NC, NC 279753
One Alliance Companies
Listed by One Alliance Companies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,704.00
$17,392.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Leah Parker
License
306809
Brokerage
One Alliance Companies
Brokerage Phone
7046186234
Title
Director of Brokerage
Name
Spencer Crigler
License
NC 197597
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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