1472 Jag Br Blvd Kernersville, NC 27284

Property Details for 1472 Jag Br Blvd

Year built

2022

Lot size

0.72 lot acres

Property size

4,200 SF

Property type

Retail properties

Property subtype

Medical offices

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

Longitude

-80.1065

Latitude

36.08