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Heartland Dental - Buford, GA 3364 Ridge Road 4,174 SF Office Building Buford, GA 30519 $2,035,000 ($487.54/SF) 6.50% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- NORTHEAST ATLANTA SUBURB - ONE OF THE NATION’S FASTEST-GROWING MSAs
- GWINNETT COUNTY - TOP TIER ATLANTA SUBMARKET
- INDUSTRY-LEADING SCALE & MARKET POSITION
- HIGH-TRAFFIC RETAIL CORRIDOR
- PROVEN LONG-TERM PRACTICE LOCATION
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,174-square-foot net leased medical asset located at 3364 Hamilton Mill Road in Buford, Georgia. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 4.8 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options extending through 2051, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2004 as a purpose-built dental facility, the property occupies a highly visible signalized corner location at the intersection of Hamilton Mill Road and Ridge Road. The asset benefits from strong surrounding retail fundamentals, including nearby Kroger, Walmart Supercenter, Pet Supplies Plus, Jersey Mike’s, Regions Bank, and numerous national retailers that draw consistent consumer traffic to the corridor. Located approximately 40 miles northeast of Downtown Atlanta, Buford is among the fastest-growing communities in the Atlanta MSA and serves as a major retail and service hub for Northeast Atlanta’s suburban population. Supported by affluent demographics, continued residential growth, and proximity to the Mall of Georgia, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Metro Atlanta’s most desirable and rapidly expanding suburban markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
4,174 SF
Building Class
B
Year Built
2004
Price
$2,035,000
Price Per SF
$487.54
Cap Rate
6.50%
NOI
$132,275
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,174 SF
Building FAR
0.05
Lot Size
1.78 AC
Zoning
AA035
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7-182-092 | Improvements Assessment | $305,760 |
| Land Assessment | $143,280 | Total Assessment | $449,040 |
Property Taxes
Parcel Number
7-182-092
Land Assessment
$143,280
Improvements Assessment
$305,760
Total Assessment
$449,040
Contacts
-
David Hoppe -
Eric Suffoletto -
Ben Olmstead -
Mike Lucier -
Atlantic Capital Partners
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