Listed by Matthews
$3,085,714
Greater Michigan Oral Surgeons & Dental Implant Center
Details
Property Type Office
Sub Type Medical Office
Square Footage 5,757
Net Rentable (SqFt) 5,757
Cap Rate 7%
NOI $216,000
Occupancy 100%
Tenancy Single
Brand/Tenant Greater Michigan Oral Surgeons & Dental Implant Center
Lease Type NNN
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $536
Class B
Year Built 2019
Buildings 1
Stories 1
Acreage 2.090
Tenant Credit Corporate Guarantee
Lease Commencement 11/30/2023
Ownership Fee Simple
Long-Term NNN Dental Surgery Center with 3% Annual Increases and Institutional Backing
Marketing description
Single-tenant NNN dental surgery center in Bay City, MI. ±5,757 SF on 2.09 acres, built in 2019. 7.00% cap rate, $216,000 NOI, $3,085,714 price. ±9.8 years remaining with 3% annual rent increases. Backed by Chicago Pacific Founders. Minimal landlord responsibilities.
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Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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