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Miscellaneous

Heartland Dental | Affulent North Altanta Suburb

4890 Golden Pkwy, Buford, GA 30518

Listing Price: $2,308,000

Cap Rate
5.95%
Tenant Name
Heartland Dental
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,577
Lease Type
Double Net
Rent Per Square Feet
$30.00

Investment Overview

INTERSTATE LOCATION (73,200 VPD) & OUTPARCEL TO PUBLIX SHOPPING CENTER
• The subject property is an outparcel to a Publix Anchored Shopping Center which sits directly off Interstate 985 (73,200 VPD) on Highway 347 (32,500 VPD).
• This Publix ranks in the top 80% among all Publix locations in the country by supporting over 758,100 Customers per year (Placer.ai)
• There are multiple new development projects under construction adjacent to this Heartland Dental including a new Whataburger, Chipotle, Arby’s, QuikTrip, Tidal Wave Auto Spa, and more.
• Additional nearby national retailers include Circle K, McDonald’s, Starbucks, Truist, and more.

ADJACENT TO 1.1 MILLION SF AMAZON LOGISTICS CENTER
• The subject property is adjacent to a 1.1 million square foot logistics center. Amazon has two buildings
sitting on a 112-acre campus that are used as delivery & fulfillment centers.
• Amazon opened this facility in 2020 and currently employs more than 1,500 people.
• There are over 10 additional distribution centers and warehouses surrounding this Heartland Dental including a Sherwin Williams distribution center.

HIGH GROWTH AFFLUENT NORTH ATLANTA SUBURB
• Buford is one of the fastest growing and affluent North Atlanta suburbs that is located about 40 miles Northeast of Downtown Atlanta.
• The 5-mile population from the subject property is 95,068 with nearly 30% growth. The 5 mile average household income is $112,524.
• Atlanta is the hub and economic engine of the Southeast, the fastest-growing region in the U.S.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, & more.
• Home to multiple colleges and universities including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students).
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers per year.

HEARTLAND DENTAL | 1,700 LOCATIONS
• Heartland Dental is the largest dental support organization in the U.S. with more than 1,700 offices in 38 states and over 2,800 doctors.
• In 2023, Heartland Dental opened 94 practices with plans to open over 1,130 additional locations in the future.
• Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management.

10 YEAR CORPORATE LEASE WITH 10% RENT INCREASES
• The subject property has over 7.5 years remaining on a 10-year NN corporate guaranteed lease with 10% rent increases every 5 years in the initial term and in each of the four, 5-year option periods.
• The landlord has limited responsibilities which only include Roof Replacement and Structure.
• The Tenant is responsible for all common area expenses, HVAC, taxes, insurance, and utilities.

Investment Highlights

  • Interstate Location (73,200 VPD) & Outparcel To Publix Shopping Center
  • Adjacent To 1.1 Million SF Amazon Logistics Center
  • High Growth Affluent North Atlanta Suburb
  • Heartland Dental | 1,700 Locations
  • 10 Year Corporate Lease With 10% Rent Increases

Exclusively Listed By

Financing By

Miscellaneous

Heartland Dental | Affulent North Altanta Suburb

Listing Price: $2,308,000

Cap Rate
5.95%
Tenant Name
Heartland Dental
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,577
Lease Type
Double Net
Rent Per Square Feet
$30.00

Investment Highlights

  • Interstate Location (73,200 VPD) & Outparcel To Publix Shopping Center
  • Adjacent To 1.1 Million SF Amazon Logistics Center
  • High Growth Affluent North Atlanta Suburb
  • Heartland Dental | 1,700 Locations
  • 10 Year Corporate Lease With 10% Rent Increases

Investment Overview

INTERSTATE LOCATION (73,200 VPD) & OUTPARCEL TO PUBLIX SHOPPING CENTER • The subject property is an outparcel to a Publix Anchored Shopping Center which sits directly off Interstate 985 (73,200 VPD) on Highway 347 (32,500 VPD). • This Publix ranks in the top 80% among all Publix locations in the country by supporting over 758,100 Customers per year (Placer.ai) • There are multiple new development projects under construction adjacent to this Heartland Dental including a new Whataburger, Chipotle, Arby’s, QuikTrip, Tidal Wave Auto Spa, and more. • Additional nearby national retailers include Circle K, McDonald’s, Starbucks, Truist, and more. ADJACENT TO 1.1 MILLION SF AMAZON LOGISTICS CENTER • The subject property is adjacent to a 1.1 million square foot logistics center. Amazon has two buildings sitting on a 112-acre campus that are used as delivery & fulfillment centers. • Amazon opened this facility in 2020 and currently employs more than 1,500 people. • There are over 10 additional distribution centers and warehouses surrounding this Heartland Dental including a Sherwin Williams distribution center. HIGH GROWTH AFFLUENT NORTH ATLANTA SUBURB • Buford is one of the fastest growing and affluent North Atlanta suburbs that is located about 40 miles Northeast of Downtown Atlanta. • The 5-mile population from the subject property is 95,068 with nearly 30% growth. The 5 mile average household income is $112,524. • Atlanta is the hub and economic engine of the Southeast, the fastest-growing region in the U.S. • Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, & more. • Home to multiple colleges and universities including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students). • Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers per year. HEARTLAND DENTAL | 1,700 LOCATIONS • Heartland Dental is the largest dental support organization in the U.S. with more than 1,700 offices in 38 states and over 2,800 doctors. • In 2023, Heartland Dental opened 94 practices with plans to open over 1,130 additional locations in the future. • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management. 10 YEAR CORPORATE LEASE WITH 10% RENT INCREASES • The subject property has over 7.5 years remaining on a 10-year NN corporate guaranteed lease with 10% rent increases every 5 years in the initial term and in each of the four, 5-year option periods. • The landlord has limited responsibilities which only include Roof Replacement and Structure. • The Tenant is responsible for all common area expenses, HVAC, taxes, insurance, and utilities.

Exclusively Listed By

Financing By

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