Roanoke, VA - Dental Care Alliance

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Dental Care Alliance investment property located in Roanoke, Virginia. The tenant, Dental Care Alliance, has over 4-years remaining on their lease with 1 (5-year) and 1 (3-year) option to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

The Dental Care Alliance is strategically located along Electric Rd./State Highway 419 averaging over 19,000 vehicles passing by daily. Electric Rd., is the major retail thoroughfare serving the city of Roanoke. The Dental Care Alliance is located within walking distance to Southwest Plaza Shopping Center a 75,000+ shopping center that features national/credit tenants including Food Lion, Jersey Mikes, and Great Clips. The asset is also located near Keagy Village which features national/credit tenants such as Domino’s, Dunkin’, and Firehouse Subs. In addition, Dental Care Alliance is also across from Sassy Shopper Shopping Mall, a 100,000+ square foot center anchored by a Dollar Tree, it also features a McDonald’s along with many other local tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Kroger, Dollar General, Goodwill, CVS, Bojangles and more, further increasing consumer traffic to the site. The subject property is in close proximity to Lewisgale Medical Center, the largest medical facility serving Salem, Virginia with over 500 licensed beds. The 5-mile trade area is supported by a population of over 116,855 and 62,145 employees with an average household income of $98,119.