For Sale
$662,000 | 7.75% Cap
1617 E Main St, Easley, SC 29640
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Broker of Record: Brian Brockman | Bang Realty - South Carolina, Inc | SC License #: 108250
Investment Highlights
Corporately Guaranteed
The Heartland Dental lease is backed by a corporately guarantee from Heartland Dental, LLC.
Rent Escalations
The current lease term along with the (4) 5-year renewal options are accompanied by 2.5% annual rent increases.
Low Rent Per Square Foot
The property showcases strong investment fundamentals through its affordable $18.81 per square foot lease rate.
Minimal Landlord Responsibilities
The Heartland Dental lease is structured on a net basis whereby the tenant is financially responsible for all expenses other than the building's structural components & roof maintenance.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 2,726 Square Feet |
7+ Years | $51,280 |
Investment Overview
Peranich Huffman Net Lease Group is pleased to exclusively present for sale the Heartland Dental Medical Office Building in Easley, South Carolina. Offered at a 7.75% capitalization rate, this property provides investors with a compelling opportunity to acquire a strong dental operation. Heartland Dental is a nationally recognized medical tenant known for its consistent performance—both in patient care and within the real estate investment community.
Lease Term
Heartland Dental has 7+ years remaining on its original 10-year lease term executed in 2022. The corporately guaranteed Heartland dental lease provides for an additional (4) 5-year renewal options with 2.5% annual rent increases.
Net Lease Structure
The Heartland Dental lease is structured on a net basis whereby the tenant is financially responsible for all expenses other than the building's structural components and roof maintenance. Tenant obligations include: expenses related to the HVAC, parking lot, landscaping, property taxes, insurance, utilities & waste management.
About The Tenant
Founded in 1997, Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services to 2,800 supported dentists across 38 states. Heartland Dental partners with its supported dentists to deliver high-quality care across the full spectrum of dental services.