Heartland Dental - Goose Creek, SC
Retail | 6.50% CAP | 4,135 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,135-square-foot net leased medical asset located at 615 St. James Avenue in Goose Creek, South Carolina. The property is leased to Heartland Dental, LLC, the nation's largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 1.75% annual rental increases, providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 2016 as a purpose-built dental facility, the property occupies a highly visible position along St. James Avenue (US-176), one of Goose Creek's primary commercial corridors. The asset benefits from strong surrounding retail fundamentals, including nearby Walmart Supercenter, Dollar Tree, McDonald's, Arby's, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 20 miles northwest of Downtown Charleston, Goose Creek is among the fastest-growing communities within the Charleston-North Charleston MSA and serves as a major residential and service hub for Berkeley County. Supported by continued population growth, residential development, and a diverse employment base, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of South Carolina's strongest suburban growth markets.
Investment highlights
PURPOSE-BUILT DENTAL FACILITY - The Property was purpose-built to Heartland Dental's operational specifications, providing a facility designed specifically for the demands of a full-service dental practice and reducing near-term capital expenditure risk for an incoming investor.
ANNUAL RENT BUMPS - Annual rent increases of 1.75% provide a steady, compounding income growth cadence, delivering consistent NOI escalation and effective protection against inflation throughout the remaining lease term.
NATION'S LARGEST DENTAL SUPPORT ORGANIZATION - Heartland Dental supports more than 3,000 dentists across over 1,900 affiliated dental offices in 39 states and the District of Columbia, making it the largest DSO in the United States.
INDUSTRY-LEADING SCALE & MARKET POSITION - The company's extensive national footprint creates significant operating advantages, brand recognition, and access to best-in-class recruiting, technology, and administrative resources.
CHARLESTON MSA - TOP-10 FASTEST-GROWING METRO IN THE U.S. - The Charleston-North Charleston MSA is consistently ranked in the top 10% of fastest-growing U.S. metropolitan regions, and active retail development chasing suburban growth nodes.
ACTIVE COMMERCIAL GROWTH CORRIDOR - Goose Creek is identified by market research as a primary suburban growth corridor within the Charleston MSA, attracting significant retail and commercial development as the metro's population expands southward and westward through Berkeley County.
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