OUTPARCEL TO TOP PERFORMING PUBLIX SHOPPING CENTER
• The subject property is an outparcel to a new 66,387 SF Publix Anchored Shopping Center that opened in 2022.
• The Publix ranks in the top 83% among all Publix locations nationwide and supports over 856,600 customers each year.
• Additional outparcels in the center include Wendy’s, Tidal Wave Auto Spa, UPS, and multiple restaurants.
• The shopping center is located at the signalized intersection of Highway 155 and Kelley Town Road which sees a combined 25,000 vehicles per day.
• A new construction 72-unit senior housing project is under development adjacent to this shopping center and is projected to deliver at the end of 2024.
HIGH GROWTH AFFLUENT ATLANTA SUBURB
• McDonough is an affluent high growth suburb of Atlanta located 30 miles south of downtown Atlanta on Interstate 75 (181,000 VPD)
• McDonough is the county seat of Henry County which is one of the fastest growing counties in the entire U.S.
• The 5 mile population from the subject property is 81,430 with over 21% growth. The 5 mile average household income is $100,437.
ATLANTA
• Atlanta is the hub and economic engine of the Southeast, which is the fastest-growing region in the U.S.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more.
• Home to multiple colleges and universities including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students).
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers per year.
HEARTLAND DENTAL | 1,700 LOCATIONS
• Heartland Dental is the largest dental support organization in the U.S. with more than 1,700 offices in 38 states and over 2,800 doctors.
• In 2023, Heartland Dental opened 94 practices with plans to open over 1,130 additional locations in the future.
• Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management.
10 YEAR CORPORATE LEASE WITH 10% RENT INCREASES
• The subject property has over 9.5 years remaining on a 10-year NN corporate guaranteed lease with 10% rent increases every 5 years in the initial term and in each of the four, 5-year option periods.
• The landlord has limited responsibilities which only include Roof Replacement and Structure.
• The Tenant is responsible for roof repairs, common area expenses, HVAC, taxes, insurance, and utilities.