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Heartland Dental 680 Potomac Station Dr NE 4,163 SF Retail Building Leesburg, VA 20176 $3,806,000 ($914.24/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- LARGEST DENTAL ORGANIZATION GUARANTY
- RECENT RENOVATION
- HIGHLY AFFLUENT DEMOGRAPHICS
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
WASHINGTON, D.C. MSA
- Located just 14 miles from Dulles International Airport which services over 20 million people annually
- The Washington MSA is one of the countries most educated and affluent MSA’s in the country
- Washington’s GMP (Gross metropolitan product) is over $541B, making it the 5th largest metro in the Country
RECENT RENOVATION
- Located at a lighted intersection of Potomac Station Dr
- The Building has recently been converted to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
DENSE RETAIL NODE
- Adjacent to the site is Potomac Station, a 1,400+ home residential community
- Within a 1-mile radius of the site is more than 2.4M SF of retail space
- Nearby national retailers include: Lowe’s Home Improvement, ALDI, Giant Food, Best Buy, Wegmans, and more
HIGHLY AFFLUENT DEMOGRAPHICS
- The average household income for 1,3,5 mile radiuses are all over $190K
- The AHHI for all three boundaries are more than double the national average of $80K
- With more than 120K people within a 5-mile radius, there is a large customer base
- Across the Street from Harper Park Middle School (880 Students) and John W Tolbert (615 Students)
- 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
WASHINGTON, D.C. MSA
- Located just 14 miles from Dulles International Airport which services over 20 million people annually
- The Washington MSA is one of the countries most educated and affluent MSA’s in the country
- Washington’s GMP (Gross metropolitan product) is over $541B, making it the 5th largest metro in the Country
RECENT RENOVATION
- Located at a lighted intersection of Potomac Station Dr
- The Building has recently been converted to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
DENSE RETAIL NODE
- Adjacent to the site is Potomac Station, a 1,400+ home residential community
- Within a 1-mile radius of the site is more than 2.4M SF of retail space
- Nearby national retailers include: Lowe’s Home Improvement, ALDI, Giant Food, Best Buy, Wegmans, and more
HIGHLY AFFLUENT DEMOGRAPHICS
- The average household income for 1,3,5 mile radiuses are all over $190K
- The AHHI for all three boundaries are more than double the national average of $80K
- With more than 120K people within a 5-mile radius, there is a large customer base
- Across the Street from Harper Park Middle School (880 Students) and John W Tolbert (615 Students)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,163 SF
Building Class
C
Year Built
2012
Price
$3,806,000
Price Per SF
$914.24
Cap Rate
5.25%
NOI
$199,824
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.50 AC
Zoning
LB:PRN - Commercial
Parking
30 Spaces (7.21 Spaces per 1,000 SF Leased)
Frontage
61’ on Potomac Station Dr NE
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Heartland Dental
- Retailer
- 4,163 SF
- -
- Triple Net
- Aug 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Heartland Dental | Retailer | 4,163 SF | - | Triple Net | Aug 2036 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 148-27-6339 | Improvements Assessment | $1,496,300 |
| Land Assessment | $1,633,200 | Total Assessment | $3,129,500 |
PROPERTY TAXES
Parcel Number
148-27-6339
Land Assessment
$1,633,200
Improvements Assessment
$1,496,300
Total Assessment
$3,129,500
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Heartland Dental | 680 Potomac Station Dr NE
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