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Heartland Dental 9608 SC - 707 4,190 SF Office Building Myrtle Beach, SC 29588 $3,787,000 ($903.82/SF) 5.20% Cap Rate
Investment Highlights
- NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS
- RARE LEASE STRUCTURE
- LARGEST DENTAL ORGANIZATION GUARANTY
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
HOLMESTOWN COMMONS
- Site is an outparcel to the Food Lion anchored shopping center Holmestown Commons
- According to Placer.ai the center is highly visited - Adjacent to a top performing sonic (80th percentile across all sonics)
NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS
- Within a mile of the site is the St. James Schools
- St. James Middle School has over 920 students and is only half a mile from the site
- Even closer to the site is St. James Elementary School with over 850 students
- Around a mile from the site is St. James High School with over 1,900 students on their 60 acres campus
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 fastest grown 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
HOLMESTOWN COMMONS
- Site is an outparcel to the Food Lion anchored shopping center Holmestown Commons
- According to Placer.ai the center is highly visited - Adjacent to a top performing sonic (80th percentile across all sonics)
NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS
- Within a mile of the site is the St. James Schools
- St. James Middle School has over 920 students and is only half a mile from the site
- Even closer to the site is St. James Elementary School with over 850 students
- Around a mile from the site is St. James High School with over 1,900 students on their 60 acres campus
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 fastest grown 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
4,190 SF
Building Class
A
Year Built
2024
Price
$3,787,000
Price Per SF
$903.82
Cap Rate
5.20%
NOI
$196,930
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,190 SF
Building FAR
0.11
Lot Size
0.84 AC
Parking
34 Spaces (8.11 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Heartland Dental
- Retailer
- 4,190 SF
- -
- Triple Net
- Aug 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Heartland Dental | Retailer | 4,190 SF | - | Triple Net | Aug 2036 |
1 1
Property Taxes
| Parcel Number | 45710020049 | Improvements Assessment | $0 |
| Land Assessment | $32,881 | Total Assessment | $32,881 |
Property Taxes
Parcel Number
45710020049
Land Assessment
$32,881
Improvements Assessment
$0
Total Assessment
$32,881
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Heartland Dental | 9608 SC - 707
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