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Heartland Dental 4547 Hard Scrabble Rd 4,160 SF Retail Building Columbia, SC 29229 $3,680,000 ($884.62/SF) 5.20% Cap Rate

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INVESTMENT HIGHLIGHTS

  • CLOSE PROXIMITY TO LARGE STUDENT CUSTOMER BASE
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • POSITIONED IN HIGH DEMAND RETAIL CORRIDOR

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
- 2024 Total Revenue was over $3B
POSITIONED IN HIGH DEMAND RETAIL CORRIDOR
- This Heartland Dental is positioned along the busy commuter thoroughfare Hardscrabble Rd (25.7K VPD) with full access into the site
- Within a 1-mile radius of the site is more than 517K SF of retail space boasting a 2.2% vacancy rate
- Nearby National Retailers Include: Publix Super Market, Food Lion, Lowe’s Home Improvement, Kroger Marketplace, and more
CLOSE PROXIMITY TO LARGE STUDENT CUSTOMER BASE
- Site is located across the street from the Lake Murray Montessori School with just under 100 students
- Under 0.75 miles from the site is Rice Creek Elementary with over 750 students
- Just one mile from the site along Hardscrabble road is Ridge View High School which has over 1,700 students
STRONG DEMOGRAPHICS IN SC’S STATE CAPITAL
- Surrounding the site within a 1-mile radius the population exceeds 10K people with an AHHI over $90,000
- In a 5-mile radius there are more than 113K potential customers with an AHHI greater than $100,000
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,160 SF
Building Class
B
Year Built
2024
Price
$3,680,000
Price Per SF
$884.62
Cap Rate
5.20%
NOI
$191,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.30 AC
Zoning
PDD
Frontage
156’ on Hard Scrabble Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Heartland Dental
  • Retailer
  • 4,160 SF
  • -
  • Triple Net
  • Nov 2036
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Heartland Dental Retailer 4,160 SF - Triple Net Nov 2036

NEARBY MAJOR RETAILERS

Starbucks
Beef 'O' Brady's
Planet Fitness
Publix
SouthState Bank
TD Bank
Bank of America
Waffle House
Lidl
The Human Bean
  • Listing ID: 36013386

  • Date on Market: 5/28/2025

  • Last Updated:

  • Address: 4547 Hard Scrabble Rd, Columbia, SC 29229

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