Listed by Matthews
$450,642
Nikodem Dental (140+ Locations) | New 5 Yr NN | Low Rent/SF
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,564
Net Rentable (SqFt) 2,564
Cap Rate 8.25%
NOI $37,178
Occupancy 100%
Tenancy Single
Brand/Tenant Nikodem Dental, Mortenson Dental Partners
Lease Type NN
Lease Term 5
Lease Expiration 12/11/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 2 x 3 Years
Price per SqFt $176
Broker Co-Op Yes
Year Built 2003
Year Renovated 2022
Buildings 1
Investment Type Net Lease
Lease Commencement 12/12/2025
Ownership Fee Simple
8.25% Cap New Practice Partnership - New 5 Yr Lease - Below Market Rent ($14.50/SF) - 140+ Locations
Investment highlights
- MORTENSON DENTAL PARTNERS | 140+ LOCATIONS | 1 MILLION+ PATIENTS – Nikodem Dental is part of the Mortenson Dental Partners brand. Mortenson Dental Partners is the largest group of privately owned doctor-run dental practices in the United States. Beginning as a single practice in 1979, the company has grown to include over 140 practices across 9 states, employing over 1,800 team members and welcoming nearly one million patient visits each year.
- Nikodem Dental – The Nikodem Dental brand has been part of the greater Saint Louis community for over 50+ years, with 6 locations throughout the city. Their locations provide advanced treatment options that are not typically found in most dental offices, with the goal to help their patients feel the best and enjoy life through good dental health.
- December 2025 Practice Acquisition | New 5 Year NN Lease – Nikodem Dental partnered with Mortenson in December of 2025 and signed a brand new 5-year NN lease at the location, providing testament to the tenant’s commitment to the location and continued success going forward.
- COMPREHENSIVE DENTAL SERVICES | MULTI-DOCTOR LOCATION - Nikodem Dentistry offers a wide range of dental services, including cosmetic dentistry, Invisalign, implant dentistry, general dentistry, gum disease treatment, wisdom teeth and tooth extractions, pediatric dental care, laser dentistry and oral surgery, cosmetic procedures, and oral surgery. This comprehensive approach to oral healthcare ensures multiple revenue streams and caters to the diverse needs of patients.
- Resistant Healthcare Investment | National Dental Operator – Dental properties are highly sought-after for their security of investment and their resistance to economic downturns and e-commerce trends that affect traditional retail properties.
- NN Lease | Passive Ownership Structure | Bite Size Price Point – This NN lease provides the owner with a virtually passive income opportunity, with limited landlord responsibilities.
- May 2022 Remodel | Tenant Investment in Location | Difficulty in Moving | Purpose Built Location — Dental support organizations rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving. The tenant completed remodel of the facility in mid 2022, further establishing commitment to the location and providing class-A experience to their patients.
- Secure Rental Rate | $14.50/SF – The base rental rate in place at just $14.50/SF can provide an investor with security and confidence in continued tenant success and happiness.
- Convenient Highway Access - Proximity to major US Highway 270 facilitates easy access for patients and clients, increasing foot traffic and potential business from surrounding areas.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,178.00
$3,098.17/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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Zoning
C2 CommercialGeneral CommercialGeneral Commercial District
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View all 40 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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