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Heartland Dental, Peachtree City, GA

Heartland Dental, Peachtree City, GA


Investment Summary

Price $3,032,000
Cap Rate 6.00%
NOI $181,900
Lease Term 10 years
Lease Type Net, with tenant responsible for all taxes, insurance and maintenance, excluding roof replacement and structure
Rental Increases 10% rental increases every five (5) years
Year Built 2019
Building Size 4,280 SF
Lot Size 1.68 acres (73,181 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

Investment Highlights

10-YEAR CORPORATE NET LEASE TO THE LARGEST DENTAL SUPPORT ORGANIZATION IN THE U.S.
» 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 $504B under management
» Heartland Dental continues impressive national growth with 94 new locations opened in 2023

HIGHLY AFFLUENT TRADE AREA WITH STRONG TRAFFIC COUNTS
» Property services a robustly affluent area, with an average annual household income of$169,787 within a one-mile radius of the location, with income growth predictions of 13% over the next five years
» Located just off a hard signalized intersection with over 31,000 vehicles per day
» Across the street from a well-performing Publix-anchored center
» Located along State Route 74 / Joel Cowan Parkway, a primary east-west retail corridor that traverses the entirety of Peachtree City, connecting the surrounding community with the property

CENTRAL LOCATION NEAR LARGE SCHOOLS, RETAILERS, AND COMMUNITY HUBS
» Central location between many impactful community hubs such as Whitewater High School (1,434 students), Starr’s Mill High School (1,343 students), Atlanta Regional Airport, Braelinn Golf Club, New Hope Baptist Church, Somerby Peachtree City Senior Living, and many more
» Constructed within retail development next to top tier tenants such as AutoZone, Panera Bread, and Dunkin’
» Short drive to Southern Crescent Technical College (7,647 students), greatly increasing area traffic to retail properties in Peachtree City
» Proximity to the Peachtree City industrial area, increasing traffic from laborers and employees within the district
» 30 miles from Downtown Atlanta, which welcomes over 42 million visitors annually

Property Description

» This Heartland Dental is located along Joel Cowan Parkway (21,400 vehicles per day), the main automotive thoroughfare running through the center of Peachtree City, connecting Heartland Dental to the entirety of the Peachtree City community and other retail centers
» The property services a robustly affluent area, with an average annual household income of $169,787 within a one-mile radius of the location
» The site is staged to grow along with the surrounding area, with a projected 13% average annual household income increase within a one-mile radius of the site in the next five years
» This location is surrounded by a strong mix of national and local retailers, including Publix, Walmart, The Home Depot, Waffle House, AutoZone, Panera Bread, Chick-fil-A, Walgreens, Starbucks, and many others
» Heartland Dental is perfectly situated to service Starr’s Mill High School with 1,343 students and the Atlanta Regional Airport, greatly increasing day-time traffic to the property
» The property is a short drive to Southern Crescent Technical College (7,647 students) and 30 miles from Downtown Atlanta, which welcomes over 42 million visitors annually

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