1796 Glidewell Dr - Storefront FOR SALE


Burlington, NC 27215
$3,410,000 USD
704-697-1900
1796 Glidewell Dr, Burlington, NC for Sale
$3,410,000 USD
Storefront - FOR SALE
1/5
null | 5% Cap Rate

1796 Glidewell Dr
Burlington, NC 27215


HIGHLIGHTS

  • STRATEGICALLY LOCATED IN RETAIL NODE
  • RARE LEASE STRUCTURE
  • ACCESSIBLE LOCATION ON HIGHLY TRAFFICKED ROAD

OVERVIEW

STRATEGICALLY LOCATED IN RETAIL NODE - Located in the heart of Burlingtons primary retail corridor - The corridor is home to Belk, Dillard’s, JCPenney, Hobby Lobby, a movie theatre, Ross, BJ’s, Dick’s, Kohl’s, Target, HomeGoods, TJ Maxx, PetSmart, Best Buy, and Michaels CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue over $3B ACCESSIBLE LOCATION ON HIGHLY TRAFFICKED ROAD - Located at a lighted intersection of University Dr (34,000 VPD) and Boone Station Dr - Directly off of Interstate 40 (124K VPD) RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Corporate Guaranty by Heartland Dental - 10% Rental Increases every 5 years, including option periods SURROUNDED BY HUNDREDS OF APARTMENTS - Located less than a quarter mile to Retreat at the Park, a 249 unit apartment complex RECENT RENOVATIONS - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance

FOR SALE DETAILS

PRICE

$3,410,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

CB

APN/PARCEL ID

106913

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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