Listed by Matthews
$3,070,000
NNN Dental Medical Office | Smile Doctors & Autism Therapy
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 11,000
Units 2
Cap Rate 7.74%
NOI $237,756
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 8
Remaining Term 8
Rent Bumps Yes
Price per SqFt $288
Broker Co-Op Yes
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Fully Occupied Dental & Autism Therapy Medical Office Building
Investment highlights
- Recognized National Dental Tenant — Smile Doctors is the largest network of orthodontic practices in the country, with nearly 600 locations. They expand by acquiring existing and successful practices that are well established within the markets they serve. Since their founding in 2015 they have added new partner practices every year, creating a very optimistic growth outlook moving forward.
- Michigan Market Leader in Autism Therapy – MetroEHS has operated for 25 years in Michigan and is nearly the largest ABA therapy operator in the state.
- Autism Therapy Growth – While currently just an $8B industry, autism therapy has a staggeringly high projected growth rate of over 9% annually. The industry is projected to double in size within the next decade.
- $185 Billion Dental Industry — Dentistry is one of the largest sectors in healthcare and grows at an average of 4.6% annually.
- Healthcare Real Estate — Healthcare properties are highly sought after for their resistance to e-commerce and resilience against economic downturns.
- New Lease & Lease Extension — In 2025 Smile Doctors renewed and extended their lease, and MetroEHS moved into the property, offering investors a fully stabilized asset with strong tenant commitment.
- Specialized Use & Tenant Investment in Location — It is highly cost prohibitive for dental practices to relocate due to having one of the highest build-out costs across all healthcare specialties. Practices tend to stay put due to difficulty in retaining the same patients after moving.
- NNN Lease Structure & Inflation Hedge — Smile Doctors and MetroEHS operate under a triple-net leases with minimal landlord responsibilities and strong rental increases of 3% annually.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$237,756.00
$19,813.00/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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