x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Heartland Dental, Marietta, GA

Heartland Dental, Marietta, GA


Investment Summary

Price $3,040,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases 10% Rental Increases Every Five Years Including Options
Year Built 2021 (Renovation)
Building Size 4,256 SF
Lot Size 1.12 Acres (48,787 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Managing 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

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

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

Investment Highlights

NEW 10-YEAR CORPORATE NET LEASE OUTPARCEL TO TOP PERFORMING PUBLIX AND LOWES
» Leased to Heartland Dental for 10 years plus four (4) five-year options
» 10% fixed rental increases every five years in initial term and extension terms
» Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,700 supported dental offices located in 38 states
» Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496 billion under management
» Heartland Dental continues impressive national growth with more than 87 new locations opened in 2022

PROMINENT LOCATION AT SIGNALIZED ENTRANCE TO GROCERY CENTER ON LARGE PARCEL
» Prominent location in a dense retail corridor near several large shopping malls/centers including The Avenue West Cobb (40 stores, 250,246 SF) and The Pointe at West Cobb (13
stores, 55,173 SF)
» Shadow-anchored by Lowes and Publix Super Market and surrounded by well-established national tenants such as Target, The Home Depot, Staples, Walgreens, Wells Fargo, Chick-fil-A, Starbucks and many others
» Immediate access to Dallas Highway (37,800 AADT), and Barrett Pkwy NW (46,600 AADT), greatly increasing visibility and traffic to the location
» 149,316 residents within a five-mile radius of the property
» Average annual household income of $161,114 within three miles of the site
» Projected 15% average annual household income increase within a 1-, 3-, and 5- mile radii of the site in the next five years, poising Heartland Dental and Marietta for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Minutes from Dobbins Air Reserve Base (largest multi-service reserve training in the world consisting of around 2,500 reservists and civilians)
» 12 miles from Truist Park, home ballpark for the Atlanta Braves MLB team (2.3 million fan attendance in 2021, second-most attendance of all MLB teams)
» Beneficial proximity to several large schools and universities including Life University (2,692 students), Kennesaw State University (40,900 students) and Marietta High School (2,544 Students
» Close proximity to the largest employer in the area, Wellstar Kennestone Hospital (633 beds, 5,055 employees)

NEW 2021 RENOVATION
» New 2021 renovation, featuring Heartland Dental’s latest prototype interior finishes

Property Description

SOLD

» Minutes from Dobbins Air Reserve Base (largest multi-service reserve training in the world consisting of around 2,500 reservists and civilians)
» Shadow-anchored by Lowes and Publix Super Market and surrounded by well-established national tenants such as Target, The Home Depot, Staples, Walgreens, Wells Fargo, Chick-fil-A, Starbucks and many others
» Immediate access to Dallas Highway (37,800 AADT), and Barrett Pkwy NW (46,600 AADT), greatly increasing visibility and traffic to the location
» Projected 15 percent average annual household income increase within a 1-, 3-, and 5- mile radii of the site in the next five years, poising Heartland Dental and Marietta for significant concurrent growth

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link