Listed by Bang Realty, Stream Capital Partners
$1,120,660
2303 & 2309 45th Street
Details
Property Type Office
Sub Type Medical Office
Cap Rate 7.00%
NOI $78,446
Occupancy 100%
Tenancy Single
Brand/Tenant MB2 Dental
Lease Type NN
Lease Expiration 10/30/2028
Remaining Term 3
Rent Bumps Yes
Lease Options 2, 5-year options
Acreage 0.34 - 0.66
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Lease Commencement 10/26/2023
Office | 7.00% CAP
Marketing description
Investment highlights
- Strong Underlying Real Estate: Located just off the intersection of Indianapolis Blvd. and 45th St. which boasts a combined traffic count of over 60k VPD
- Reliable Customer Base: Highland, IN is part of the Chicago metropolitan area and North Township. 20% of Highland’s population is under 18 supporting the need for a strong pediatric dentistry presence
- Upside Potential: Below market rents for both assets provide room for significant value appreciation
- Credit Tenant: MB2 Dental 800+ locations, 40 states, private equity backed. In 2023, MB2 saw record growth with 150 new partnerships and secured a $2.3B debt facility with KKR for future growth and acquisitions.
- Unit Level Financials: Dentistry for Children is an established pediatric dental office with a large customer base and strong unit level performance within the MB2 portfolio
Listing Contacts
Listed by Bang Realty, Stream Capital Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$78,446.00
$6,537.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
B3 CommercialGeneral CommercialGeneral Business
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View all 90 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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