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Heartland Dental & AT&T, Helena, AL

Heartland Dental & AT&T, Helena, AL


Investment Summary

Price $2,890,000
Cap Rate
NOI
Lease Term Various
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot
Rental Increases Various
Year Built 2021
Building Size 5,050 SF
Lot Size 0.73 Acres (31,799 SF)
Status Sold
Lead Brokers Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Investment Highlights

100% NET LEASED TWO-TENANT ASSET
» Net leases to two national tenants
» Heartland Dental is the nation’s largest dental support organization
» Heartland Dental supports 1,400 dentists across 37 states
» Live Mobile is a national AT&T authorized retailer and has over 100 retail locations in 10 states
» AT&T is ranked 11th on the Fortune 500 rankings
» 2021 construction to latest tenant prototypes

HIGH-VISIBILITY LOCATION IN DENSE RETAIL CORRIDOR
» Strategic location on Helena Road and Highway 17 with visibility and access 34,737 vehicles per day at the signalized intersection
» Convenient interparcel access on Steber Street
» Beneficial proximity to Interstate 65 (94,121 AADT) and Highway 119 (29,557 AADT)
» Located within the Helena Marketplace next to Chick-fil-A, increasing traffic and visibility in the area
» Shadow-anchored by Walmart Neighborhood Market and near Publix Super Market
» Surrounded by a strong mix of local and national tenants including CVS, Walgreens, Regions Bank, O’Reilly Auto Parts, McDonald’s, Taco Bell, Pizza Hut, and many more

CENTRAL LOCATION NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Close to several large schools, including Helena Elementary (873 students), Middle (1,048 students), and High School (1,348 students)
» Minutes from Shelby Baptist Medical Center (252-beds, 1,100 employees)
» Five miles from the University of Montevallo (160-acre campus, 2,625+ annual student enrollment)

GROWING SUBMARKET LOCATION WITH STRONG CUSTOMER BASE
» Prominent location in one of Birmingham’s fastest-growing submarkets
» 79,262 residents live within a five-mile radius
» Average annual household income of $99,953 within five miles and projected to increase 11 percent by 2026
» 21 miles from Birmingham, the second-largest city in Alabama (population of 200,733)

Property Description

SOLD
The property is strategically located on Helena Road and Highway 17 with visibility and access to 34,737 vehicles per day at the signalized intersection. Additionally, the property has a convenient interparcel access point on Steber Street. The site maintains beneficial proximity to Alabama thoroughfares, Interstate 65 (94,121 AADT) and Highway 119 (29,557 AADT). The property is located within the Helena Marketplace next to Chick-fil-A, increasing traffic in the area. Additionally, the property is shadow-anchored by a Walmart Neighborhood Market and near a Publix Super Market. The site is surrounded by a strong mix of local and national tenants including, CVS Pharmacy, Walgreens, Regions Bank, O’Reilly Auto Parts, McDonald’s, Taco Bell, Pizza Hut, and many more.

The location is 21 miles from Birmingham, the second-largest city in Alabama (population of 200,733) and, 26 miles from Birmingham-Shuttlesworth International Airport. The property is in a prominent location in one of Birmingham’s fastest-growing submarkets. The site is located near large employers, schools, and community hubs. The property is close to several schools, including Helena Elementary (873 students), Middle (1,048 students), and High School (1,348 students). The University of Montevallo (160-acre campus, 2,625+ student enrollment) is located just five miles from the site. The property is also minutes from Shelby Baptist Medical Center (252-beds, 1,100 employees). The site is located near residential neighborhoods and is primed to benefit from future growth in the Birmingham-Hoover metro area, the most diversified economy of any metropolitan area in Alabama. A total of 79,262 residents with an average annual household income of $99,953 live within five miles. The average annual household income is projected to increase 11 percent by 2026.

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