1472 Jag Branch Blvd - Freestanding FOR SALE


Kernersville, NC 27284
$2,659,000 USD
980-498-3293
1472 Jag Branch Blvd, Kernersville, NC for Sale
$2,659,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

1472 Jag Branch Blvd
Kernersville, NC 27284


HIGHLIGHTS

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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,659,000 USD

PRICE/SF

$633 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

76,007 SF

ZONING

MU-S

APN/PARCEL ID

6874-39-1614

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.