Heartland Dental - Asheville, NC
5.25% CAP | Corporate Backed | Abs. NNN Lease
Marketing description
Atlantic Capital Partners has been exclusively engaged to offer for sale a Heartland Dental in Asheville MSA, a newly delivered 4,200 square foot Absolute NNN dental office located at 2432 Jeffress Road in Mills River, North Carolina.
The lease is backed by a full corporate guarantee from Heartland Dental, the largest dental support organization in the United States with over 1,800 supported locations and $3.2 billion in total revenue, with zero landlord responsibilities, a 12 year term commencing June 2026, and 10% rental increases at Year 6 and Year 11 and throughout all option periods.
Mills River is situated within the Asheville Metropolitan Statistical Area, consistently ranked among the most livable and fastest-growing small metros in the United States, serving a trade area with average household income of $125K within 3 miles and a continuously expanding residential base driven by sustained inbound migration from high cost markets across the country.
Investment highlights
- AFFLUENT ASHEVILLE MSA TRADE AREA | $125K AHHI WITHIN 3 MILES - The trade area delivers well above average HHIs, reflecting an affluent and stable consumer base that supports consistent patient demand and above average per visit dental spending.
- NECESSITY-BASED HEALTHCARE FORMAT | RECESSION-RESILIENT - Dental services are a needs-based healthcare category, and Heartland has demonstrated resilient performance across its 1,800-location network through multiple economic cycles.
- FASTEST-GROWING COUNTY IN WESTERN NORTH CAROLINA - Henderson County is among western North Carolina's fastest-growing counties, driven by its appeal as a more affordable, rural alternative to nearby Asheville.
- CORPORATE GUARANTEE | LARGEST DSO IN THE US - Backed by a full corporate guarantee from Heartland Dental, the nation's largest dental support organization with 1,800+ locations, $3.2 billion in revenue, and sponsorship from KKR.
- BRAND NEW 2026 CONSTRUCTION | STRUCTURED RENT GROWTH - Brand-new 2026 construction with a fresh 12-year lease term, no deferred maintenance, and 10% rent increases in Years 6 and 11 and throughout all options.
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES - Absolute NNN lease with zero landlord responsibilities, providing a truly passive investment and one of the cleanest ownership structures in net lease real estate.
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