Heartland Dental | Bonaire | 516 Georgia 247
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Heartland Dental | Bonaire 516 Georgia 247
4,680 SF Office Building Bonaire, GA 31005 $3,089,000 ($660/SF) 6.25% Cap Rate
Investment Highlights
- Leased to Heartland Dental for 10 years plus four (4) five-year options
- 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 continues impressive national growth with 87+ new locations opened in 2022
- 10% fixed rental increases every five years in initial term and extension terms
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496B under management
- Upcoming 10% rental increase in September 2024
Executive Summary
Exceptional Visibility and Access: This Heartland Dental is located near the confluence of State Route 247 and State Route 96 (combined 41,200 AADT) with interparcel access within Merganser Common (anchored by Publix Super Market)
Excellent Location: Situated in a largely residential neighborhood and located near communities such as Stratford Hills, Harley Farms, and Harley Estates, the property is a convenient and attractive option for Bonaire residents
Reliable Customer Base: The property is located near several major employers, including Frito-Lay Inc, Northrop Grumman, and Anchor Glass Container Corporation
Beneficial Proximity to Schools: The site is surrounded by schools, including Windsor High School (1,172 students), Windsor Middle School (812 students), Grandview Elementary School (763 students), and Skyview Elementary School (602 students)
Set Near A Major U.S. Airforce Base: This Heartland Dental is located less than 10 miles from Robins Air Force Base (the largest single-site industrial complex in Georgia)
Strong Demographics: Within a five-mile radius of the site, the population count is 67,201, while the average annual household income within a one-mile radius is $130,173
Excellent Location: Situated in a largely residential neighborhood and located near communities such as Stratford Hills, Harley Farms, and Harley Estates, the property is a convenient and attractive option for Bonaire residents
Reliable Customer Base: The property is located near several major employers, including Frito-Lay Inc, Northrop Grumman, and Anchor Glass Container Corporation
Beneficial Proximity to Schools: The site is surrounded by schools, including Windsor High School (1,172 students), Windsor Middle School (812 students), Grandview Elementary School (763 students), and Skyview Elementary School (602 students)
Set Near A Major U.S. Airforce Base: This Heartland Dental is located less than 10 miles from Robins Air Force Base (the largest single-site industrial complex in Georgia)
Strong Demographics: Within a five-mile radius of the site, the population count is 67,201, while the average annual household income within a one-mile radius is $130,173
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,680 SF
Building Class
B
Year Built
2018
Price
$3,089,000
Price Per SF
$660
Cap Rate
6.25%
NOI
$193,028
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,680 SF
Building FAR
0.17
Land Acres
0.65 AC
Zoning
C2 - Commercial
Parking
29 Spaces (6.2 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 125C-92 | Improvements Assessment | $141,320 |
Land Assessment | $178,360 | Total Assessment | $319,680 |
PROPERTY TAXES
Parcel Number
125C-92
Land Assessment
$178,360
Improvements Assessment
$141,320
Total Assessment
$319,680
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Heartland Dental | Bonaire | 516 Georgia 247
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