March 20, 2024 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Heartland Dental in Fairfax, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,650,000.
Heartland Dental is located at 13045 Lee Jackson Memorial Highway in Fairfax, Virginia. Heartland Dental was constructed in 2002 and has 8 years remaining on their double net lease with four (4), 5-year renewal options. The Lease calls for 10% increases every five years throughout the primary term and at the start of each of their renewal options. The 2,638 square foot building is situated on a 0.93-acre parcel and features an attractive architectural design. The property is a pad site within the Greenbriar Town Center, anchored by Giant, CVS, and Marshalls. Located along Lee Jackson Memorial Highway (US Highway 50), the area’s primary commercial corridor, the Property is surrounded by national retailers and restaurants that drive traffic to the area and is also convenient to several densely populated residential neighborhoods providing a built-in customer base. Heartland Dental is 2.5-miles from Interstate 66 and is minutes from a large office and industrial corridor positioned just north of Dulles International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.