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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
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
- 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
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
Property Taxes
| Parcel Number | 20310-07-08 | Improvements Assessment | $155,800 |
| Land Assessment | $30,000 | Total Assessment | $185,800 |
Property Taxes
Parcel Number
20310-07-08
Land Assessment
$30,000
Improvements Assessment
$155,800
Total Assessment
$185,800
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Heartland Dental | 4547 Hard Scrabble Rd
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