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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Heartland Dental 7180 Highway 73

4,500 SF Retail Building Denver, NC 28037 $3,356,000 ($746/SF) 5.90% Cap Rate

Investment Highlights

  • Strategically Located in Retail Node
  • Corporate Guaranty from Credit Worthy Tenant
  • Ultra High Growth Charlotte MSA

Executive Summary

Strategically Located in Retail Node
- Outparcel to Lowe’s Home Improvement and Aldi anchored center
- Along Denver’s primary retail corridor
Charlotte MSA Tailwinds
- Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
Accessible Location on Highly Trafficked Road
- Fronting Highway 73 (29,500 VPD) with cross access through the shopping center at two full access intersections
- Directly off of State Highway 16 (29,500 VPD)
- Two lighted intersection to get into the shopping center
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 was over $3B
New Construction
- The building was recently constructed
- Transferable roof warranties in place

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
B
Year Built/Renovated
2007/2023
Price
$3,356,000
Price Per SF
$746
Cap Rate
5.90%
NOI
$198,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.80 AC
Zoning
B-G
Parking
40 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
56 FT on Nc-73 Hwy

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Nearby Major Retailers

Famous Toastery
ALDI
Salsarita's Fresh Mexican Grill
Food Lion
Fifth Third Bank
First Citizens Bank
Woodforest National Bank
Publix
Burn Boot Camp
Harris Teeter

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
85533
Land Assessment
$534,637
Improvements Assessment
$1,152,665
Total Assessment
$1,687,302
  • Listing ID: 32260156

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 7180 Highway 73, Denver, NC 28037

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}