Heartland Dental & Petfolk | Raleigh MSA
6,501 SF | Retail Building | Holly Springs, NC 27540 | $5,001,000 ($769/SF) | 6.40% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,001,000
- Property Type
-
Retail
- Square Feet
- 6,501 SF
- Price / Square Foot
- $769
Listing Contacts
David Hoppe
Verified Profile
Sam Young
Verified Profile
Ben Olmstead
Verified Profile
- Property Info
Property Overview
Demographic Boom
- 57.17% 1-mile population growth since 2010
- 14.44% 1-mile projected population growth through 2027
- $121,611 average HHI within a 1-mile radius
Raleigh MSA
- Located just 20 miles outside of the Raleigh’s City Center, the subject property will be a direct beneficiary of the rapid expansion that Raleigh and the surrounding areas continue to experience
Resistant To Economic Downturn or Pandemic Disruption
- The Pet and Dentist industries perform well under any circumstances, assuring the continued success of both tenants
Well-Trafficked Retail Corridor
- Within close proximity to Harris Teeter (831.6k visitors TTM)
- Lowe’s Home Improvement, and Walmart Supercenter (1.4M visitors TTM)
Hot-Bed for New Development
- With over 843 multifamily units and 157 single-family homes planned or developed along Stephens Road, the surrounding area is among the hottest target markets in the country
Heartland Corporate Guaranty
- Heartland Dental supports more than 2,400 doctors in more than 1,600 offices and is well capitalized by the parent company, KKR
Petfolk Primed for Growth
- Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030
- Half of all F500 companies offer pet insurance as a voluntary employee benefit
Brand New Construction and Remodel
- The location will consist of the most updated branding and latest prototype for both tenants, which will provide incentive for more customers to visit the stores
High Traffic Counts
- The property is located near the intersection of NC 55 Bypass (57,000 ADT) and Avent Ferry Road (15,000 ADT)
- 57.17% 1-mile population growth since 2010
- 14.44% 1-mile projected population growth through 2027
- $121,611 average HHI within a 1-mile radius
Raleigh MSA
- Located just 20 miles outside of the Raleigh’s City Center, the subject property will be a direct beneficiary of the rapid expansion that Raleigh and the surrounding areas continue to experience
Resistant To Economic Downturn or Pandemic Disruption
- The Pet and Dentist industries perform well under any circumstances, assuring the continued success of both tenants
Well-Trafficked Retail Corridor
- Within close proximity to Harris Teeter (831.6k visitors TTM)
- Lowe’s Home Improvement, and Walmart Supercenter (1.4M visitors TTM)
Hot-Bed for New Development
- With over 843 multifamily units and 157 single-family homes planned or developed along Stephens Road, the surrounding area is among the hottest target markets in the country
Heartland Corporate Guaranty
- Heartland Dental supports more than 2,400 doctors in more than 1,600 offices and is well capitalized by the parent company, KKR
Petfolk Primed for Growth
- Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030
- Half of all F500 companies offer pet insurance as a voluntary employee benefit
Brand New Construction and Remodel
- The location will consist of the most updated branding and latest prototype for both tenants, which will provide incentive for more customers to visit the stores
High Traffic Counts
- The property is located near the intersection of NC 55 Bypass (57,000 ADT) and Avent Ferry Road (15,000 ADT)
Property Details
- Class
- C
- Year Built/Renovated
- 2010/2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront Retail/Office, Other Retail, Medical
- Lot Size (sq. ft)
- 60,984 SF
Highlights
- Raleigh MSA
- Well-Trafficked Retail Corridor
- Hot-Bed for New Development
Nearby Properties
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