1472 Jag Br BlvdKernersville, NC 27284
- Office properties
- 4,200 SF
Property Details for 1472 Jag Br Blvd
- Year built
- 2022
- Lot size
- 0.72 AC
- Property size (Sq ft)
- 4,200 SF
- Property type
- Office properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 4,200 square foot, Class A, single-tenant retail property in Kernersville, North Carolina. The property, built in 2022, is a newly constructed, free-standing building leased to Heartland Dental, the largest dental support organization in the United States, boasting over 1,700 locations and exceeding $3 billion in 2023 revenue. The 10-year net lease (NN) features a corporate guarantee, providing significant security and minimal landlord responsibilities. The lease commenced April 28, 2022, and has eight years remaining, with four five-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $159,544, representing a 6.00% cap rate on the $2,659,000 asking price. Situated on a 0.72-acre lot at 1472 Jag Branch Blvd, Kernersville, NC 27284, the property benefits from a high-traffic location on Union Cross Road (21,000 AADT), with close proximity to I-40 (67,500 AADT). The strategic location is further enhanced by its proximity to over 900 apartments, including three large complexes under construction or recently completed, providing a substantial built-in customer base. The surrounding area boasts over 277,000 square feet of retail space within a one-mile radius, exhibiting a low 1.4% vacancy rate. This property offers a compelling combination of strong tenant credit, attractive lease terms, and a prime location in a high-growth area of the Triad region, making it an ideal investment for discerning buyers.
Location Insight
- City
- Kernersville
- County
- Forsyth
- State
- North Carolina
- Latitude
- 36.08
- Longitude
- -80.1065
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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