Vinton, 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 Vinton, 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 located near the signalized, hard corner intersection of W. Virginia Ave./State Highway 24 and 3rd. Street, combining to average over 43,000 vehicles passing by daily. W. Virginia Ave/State Highway 24, is a major retail thoroughfare serving the city of Vinton. The Dental Care Alliance is located in close proximity to Lake Drive Plaza, a 100,000+ square foot shopping mall anchored by Kroger and Goodwill, the shopping center also features national/credit tenants including Starbucks, Tractor Supply, Dunkin’, McDonald’s, Verizon, as well as other local tenants. The asset is within walking distance to a 50,000+ square foot walmart that also features a Walmart fuel, as well as Zips Car Wash and Public Storage pads. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Long John Silver’s, Bojangles, KFC, Burger King, Walmart, Arby’s, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Carilion Roanoke Community Hospital one of the largest local hospitals serving the city of Vinton, with over 35-licensced beds. The 5-mile trade area is supported by a population of over 112,275 and 69,882 employees with an average household income of $79,143.