Heartland Dental & Petfolk | Raleigh MSA | 105 Village Walk Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Heartland Dental & Petfolk | Raleigh MSA 105 Village Walk Dr
6,501 SF Retail Building Holly Springs, NC 27540 £3,890,009 (£598/SF) 6.50% Net Initial Yield
Investment Highlights
- Raleigh MSA
- Hot-Bed for New Development
- Well-Trafficked Retail Corridor
Executive Summary
Demographic Boom
- 57.17% 1-mile population growth since 2010
- 14.44% 1-mile projected population growth through 2027
- $121,611 average HHI within a 1-mile radius
Raleigh MSA
- Located just 20 miles outside of the Raleigh’s City Center, the subject property will be a direct beneficiary of the rapid expansion that Raleigh and the surrounding areas continue to experience
Resistant To Economic Downturn or Pandemic Disruption
- The Pet and Dentist industries perform well under any circumstances, assuring the continued success of both tenants
Well-Trafficked Retail Corridor
- Within close proximity to Harris Teeter (831.6k visitors TTM)
- Lowe’s Home Improvement, and Walmart Supercenter (1.4M visitors TTM)
Hot-Bed for New Development
- With over 843 multifamily units and 157 single-family homes planned or developed along Stephens Road, the surrounding area is among the hottest target markets in the country
Heartland Corporate Guaranty
- Heartland Dental supports more than 2,400 doctors in more than 1,600 offices and is well capitalized by the parent company, KKR
Petfolk Primed for Growth
- Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030
- Half of all F500 companies offer pet insurance as a voluntary employee benefit
Brand New Construction and Remodel
- The location will consist of the most updated branding and latest prototype for both tenants, which will provide incentive for more customers to visit the stores
High Traffic Counts
- The property is located near the intersection of NC 55 Bypass (57,000 ADT) and Avent Ferry Road (15,000 ADT)
- 57.17% 1-mile population growth since 2010
- 14.44% 1-mile projected population growth through 2027
- $121,611 average HHI within a 1-mile radius
Raleigh MSA
- Located just 20 miles outside of the Raleigh’s City Center, the subject property will be a direct beneficiary of the rapid expansion that Raleigh and the surrounding areas continue to experience
Resistant To Economic Downturn or Pandemic Disruption
- The Pet and Dentist industries perform well under any circumstances, assuring the continued success of both tenants
Well-Trafficked Retail Corridor
- Within close proximity to Harris Teeter (831.6k visitors TTM)
- Lowe’s Home Improvement, and Walmart Supercenter (1.4M visitors TTM)
Hot-Bed for New Development
- With over 843 multifamily units and 157 single-family homes planned or developed along Stephens Road, the surrounding area is among the hottest target markets in the country
Heartland Corporate Guaranty
- Heartland Dental supports more than 2,400 doctors in more than 1,600 offices and is well capitalized by the parent company, KKR
Petfolk Primed for Growth
- Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030
- Half of all F500 companies offer pet insurance as a voluntary employee benefit
Brand New Construction and Remodel
- The location will consist of the most updated branding and latest prototype for both tenants, which will provide incentive for more customers to visit the stores
High Traffic Counts
- The property is located near the intersection of NC 55 Bypass (57,000 ADT) and Avent Ferry Road (15,000 ADT)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,501 SF
Building Class
C
Year Built/Renovated
2010/2023
Price
£3,890,009
Price Per SF
£598
Net Initial Yield
6.50%
NOI
£252,833
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
1.40 AC
Zoning
GB
Parking
20 Spaces (3.08 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0648.08-78-6481-000 | Improvements Assessment | £998,841 |
| Land Assessment | £489,259 | Total Assessment | £1,488,100 |
PROPERTY TAXES
Parcel Number
0648.08-78-6481-000
Land Assessment
£489,259
Improvements Assessment
£998,841
Total Assessment
£1,488,100
-
David Hoppe -
Sam Young -
Ben Olmstead -
Atlantic Capital Partners
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Heartland Dental & Petfolk | Raleigh MSA | 105 Village Walk Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.