Listed by Avison Young - Tysons, Avison Young - Washington
$772,000
Dermatology Consultants
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,000
Net Rentable (SqFt) 3,000
Cap Rate 7%
NOI $54,014
Lease Type NN
Lease Term 12
Lease Expiration 08/30/2036
Remaining Term 10.2
Lease Options Two (5-year)
Broker Co-Op Yes
Class A
Year Built 2021
Acreage 0.430
Parking Spaces 17 spaces
Parking Per SqFt 5.67
Investment Type Net Lease
Lease Commencement 08/26/2024
Rent Commencement 08/25/2024
Occupancy Date 08/26/2024
Ownership Fee Simple
Medical Office | 6.25% CAP | 3,000 SF | 11+ Years
Marketing description
Established in 1976, Dermatology Consultants has grown into a leading dermatology practice in
the Lexington, KY region with 12 providers, three clinic locations, and a comprehensive suite of
medical, surgical, and cosmetic dermatology services. Their recent partnership with Forefront
Dermatology will enhance their infrastructure, facilitate new service offerings, expand its
geographic footprint, and further develop its market position. Forefront Dermatology has built
their practice by identifying the most respected and highly qualified dermatologists, surgeons,
practitioners and aestheticians and then partnering with them to join our group of more than 230+
clinic locations across 26 states. Their goal is to make it easier for their clients to find the physician
you need in within your own community – and without waiting weeks to be seen
Investment highlights
- Newly built medical building with 11+ years remaining on lease
- Forefront Dermatology, in partnership with Dermatology Consultants, operates over 230 clinic locations across 26 states
- Situated at prime location near major universities, retailers and hospitals
- Located off Eastern Bypass (Route 876) which sees 32,000+ VPD
- Rent/Month $4,413
- Rent Increases 2% Annually
Listing Contacts
Listed by Avison Young - Tysons, Avison Young - Washington
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$54,014.00
$4,501.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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