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Heartland Dental 1472 Jag Branch Blvd

4,200 SF Retail Building Kernersville, NC 27284 £2,100,637 (£500/SF) 6% Net Initial Yield

Investment Highlights

  • Attractive Lease Fundamentals - Corporate Guaranty
  • High Growth Triad MSA
  • Surrounded by Hundreds of Apartments

Executive Summary

Attractive Lease Fundamentals
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
Corporate Guarantee from Credit Worthy Tenant
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 locations
- 2023 Total Revenue over $3B
New Construction
- The building has recently been built to suit the tenant’s need
- Transferable warranties in place
Surrounded by Hundreds of Apartments
- Over 900 apartments in close proximity: Outparcel to the Reserve at Smith Crossing, a 376 unit apartment complex
- Cross access to 1188 at Soloman, a 312 unit apartment complex under construction
- Across the street from the Grand at Union Cross, a 272 unit apartment complex under construction
Positioned on High Trafficked Retail Corridor
- Fronting Union Cross Rd (21,000 AADT) and approximately a quarter mile to I-40 (67.5K AADT)
- Over 277K SF of retail space within a 1-mile radius boasting a 1.4% vacancy rate (costar data)
- Nearby national tenants include: Ace Hardware, Taco Bell, McDonald’s, and Starbucks
High Growth Triad Area
- Over 1.7M people live in the Triad
- The region has over 900K jobs with 2.3% job growth since 2022
- Toyota is investing over $13.9B in their electric vehicle battery manufacturing facility that will bring over 3K jobs to the region

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Year Built
2022
Price
£2,100,637
Price Per SF
£500
Net Initial Yield
6%
NOI
£126,041
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.74 AC
Zoning
MU-S

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6874-39-1614
Land Assessment
£404,599
Improvements Assessment
£618,418
Total Assessment
£1,023,017
  • Listing ID: 31794792

  • Date on Market: 14/05/2024

  • Last Updated:

  • Address: 1472 Jag Branch Blvd, Kernersville, NC 27284

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