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Waterway Dental Care (Heartland Dental) 101 Highway 17 S 4,143 SF Office Building North Myrtle Beach, SC 29582 $3,968,000 ($957.76/SF) 5.20% Cap Rate
Investment Highlights
- LARGEST DENTAL ORGANIZATION GUARANTY
- LOCATED IN HEALTHY RETAIL TRADE AREA
- NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY
Executive Summary
RARE LEASE STRUCTURE
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
- The subject property is approximately 30 miles north of the Grand Strand
LOCATED IN HEALTHY RETAIL TRADE AREA
- Within a 1-mile radius of the site there is more than 1.8M SF of retail space boasting a 0.6% vacancy rate
- Nearby national retailers include: Kroger, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, and much more
NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY
- The Building has recently been built to suit the tenant’s need
- Warranties in place
- Site is positioned off of busy I-17 (44.1K VPD) with great visibility from the highway
MYRTLE BEACH MSA
- Over 40K people live in a 3-mile radius, which has grown at an annual rate of 2.9% over the last 5 years (According to
- Myrtle Beach has been named the fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
- The subject property is approximately 30 miles north of the Grand Strand
LOCATED IN HEALTHY RETAIL TRADE AREA
- Within a 1-mile radius of the site there is more than 1.8M SF of retail space boasting a 0.6% vacancy rate
- Nearby national retailers include: Kroger, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, and much more
NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY
- The Building has recently been built to suit the tenant’s need
- Warranties in place
- Site is positioned off of busy I-17 (44.1K VPD) with great visibility from the highway
MYRTLE BEACH MSA
- Over 40K people live in a 3-mile radius, which has grown at an annual rate of 2.9% over the last 5 years (According to
- Myrtle Beach has been named the fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,143 SF
Building Class
A
Year Built
2024
Price
$3,968,000
Price Per SF
$957.76
Cap Rate
5.20%
NOI
$206,370
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,143 SF
Building FAR
0.11
Lot Size
0.86 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Heartland Dental
- Retailer
- 4,143 SF
- -
- Triple Net
- Mar 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Heartland Dental | Retailer | 4,143 SF | - | Triple Net | Mar 2036 |
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Property Taxes
| Parcel Number | 35601040051 | Improvements Assessment | $80,117 |
| Land Assessment | $91,542 | Total Assessment | $171,659 |
Property Taxes
Parcel Number
35601040051
Land Assessment
$91,542
Improvements Assessment
$80,117
Total Assessment
$171,659
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Waterway Dental Care (Heartland Dental) | 101 Highway 17 S
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