Apex Dental Lab | NNN Investment Asset
$3,480,000
707 Sunshine Way, Greensboro, NC 27409
6
Cap Rate
208,704
NOI
Details:
Highlights:
- Credit Tenant — The property is leased to Apex Dental Laboratory Group, an established commercial dental laboratory and production operation with 16 locations
- This site is the 3rd largest facility in the U.S. and represents Apex Dental Group’s flagship facility in the southeast region.
- Apex Dental Laboratory Group is a commercial dental laboratory and production company operating out of a purpose-built 15,739 SF facility, reflecting the scale and infrastructure of a serious, entrenched operator
- NNN Lease — Tenant responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, providing a truly passive income stream for the investor
- Long-Term Lease Security — 10-year initial term (Dec. 2024 – Dec. 2034) with one 5-year renewal option, offering outstanding tenure and minimal rollover risk
- Lessor-Favorable Responsibilities — Landlord obligations limited to major structural/exterior repairs and major system replacements (HVAC, plumbing, electrical) only when not caused by tenant negligence
- Specialized Use / High Replacement Cost — Dental laboratory and production space with specialized infrastructure creates high re-tenanting barriers and tenant stickiness
Description:
Apex Dental Laboratory Group presents an investment-grade single-tenant net lease opportunity backed by an established national commercial dental laboratory operator with 16 locations across the United States. The tenant occupies a purpose-built ±15,739 SF production and laboratory facility that serves as Apex Dental Laboratory Group’s 3rd largest operation nationwide and flagship Southeast regional hub, underscoring the strategic importance of the location. The property is secured by a long-term 10-year NNN lease extending from December 2024 through December 2034, with an additional 5-year renewal option, providing durable cash flow and minimal rollover risk. Under the lease structure, the tenant is responsible for utilities, operating expenses, routine maintenance, real estate taxes, and insurance, creating a highly passive ownership opportunity. Landlord responsibilities are limited primarily to major structural and exterior repairs along with major system replacements not caused by tenant negligence. The facility’s specialized dental laboratory infrastructure and high replacement cost create significant barriers to re-tenanting, reinforcing tenant retention, operational commitment, and long-term occupancy stability.
Documents:
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707_Sunshine_Way_OM.pdf
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Location
Gallery