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33166740
33166739

2795 Lee Road, Lithia Springs, GA 30122

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$3,500,000
11 days on market
Updated 11 days ago

Heartland Dental | Affluent Atlanta Suburb

Details
Property Type Retail
Square Footage 3,900
Cap Rate 5.35%
NOI $187,200
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 01/31/2038
Remaining Term 12
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2004
Year Renovated 2026
Acreage 1.310
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/28/2026
Ground Lease No

Publix Outparcel | 42,000 VPD

Investment highlights

RARE 12 YEAR ABSOLUTE NNN HEARTLAND DENTAL WITH 10% RENT INCREASES

• This Heartland Dental has a 12 year corporate-guaranteed absolute NNN lease with 10% rent increases in year 6, year 11, and in each of the four 5 year option periods.

• There are no landlord responsibilities.

• The Tenant is responsible for Roof, Structure, Parking Lot, Insurance, and Utilities.

PUBLIX OUTPARCEL AT SIGNALIZED INTERSECTION (42,300 VPD)

• This Heartland is a Publix outparcel positioned at a signalized intersection on Highway 92 (30,800 VPD) and Lee Rd (11,500 VPD).

• New retail developments across from this Heartland Include RaceTrac, Taco Bell, O’Reilly Auto Parts, Tidal Wave Car Wash, and Ellianos Coffee.

• Additional surrounding retailers include Tractor Supply, McDonalds, Sherwin Williams, Walgreens and more.

DIRECTLY ACROSS FROM “THE TRAILS” (100 ACRE MIXED USE PROJECT)

• This Heartland is across the street from “the Trails”, a 100 acre mixed use project that includes 575 Luxury apartments and townhomes, a 110 room hotel, Class A office space, and a 40,000 SF Commercial Village.

• Lionsgate at Great Point Atlanta is a part of this development. It is a new 40 acre $200 million Media Complex that includes a full service, modern entertainment complex with 12 large sound stages, office, and support space.

• The road this Heartland is located on, Lee Road, has been widened from 2 lanes to 4 to accommodate for future traffic generated by the Trails Mixed use project.

AFFLUENT ATLANTA SUBURB | 5 MILE POP: 92,739 & $102,768 AVG HHI INCOME

• The 5 mile population is 92,739 with a projected 4.13% growth by 2030. The average household income is $102,768.

• Atlanta is the hub and economic engine of the Southeast, which is the fastest-growing region in the U.S.

• Atlanta is home to multiple Fortune 500 companies, including the Coca-Cola Company, Home Depot, Delta Air Lines, and more. • Home to multiple colleges and universities, including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students).

• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers annually.

HEARTLAND DENTAL | 1,900+ LOCATIONS

• Heartland Dental is the largest dental support organization in the U.S., with over 1,900+ offices in 39 states and over 2,800 doctors.

• In 2024, Heartland Dental opened 136 practices with plans to open over 1,130 additional locations in the future.

• Heartland Dental is majority owned by KKR, the largest global investment company in the world, with over $496 billion under management.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$187,200.00
$15,600.00/mo

Valuation Metrics

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DSCR
5.35%
Cap Rate
5.35%
ROI

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