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30066389

492 Old Town Rd, Port Jefferson Station, NY 11776

CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$2,281,840
92 days on market
Updated 38 days ago

Concerned Dental Care

Details
Property Type Office
Sub Type Medical Office, Dental Office
Square Footage 5,000
Units 1
Cap Rate 7.5%
NOI $171,109
Occupancy 100%
Tenancy Single
Brand/Tenant Affinity Dental Management
Lease Type NNN
Lease Term 5
Lease Expiration 02/27/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options None
Price per SqFt $456
Broker Co-Op Yes
Year Built 1964
Year Renovated 2023
Buildings 1
Stories 2
Investment Type Net Lease
Lease Commencement 02/28/2025
Occupancy Date 02/28/2025

Office | 7.50% CAP | 5,000 SqFt

Marketing description

Marcus & Millichap is pleased to present Concerned Dental Care, a single-tenant, net-leased medical office asset located at 492 Old Town Road in Port Jefferson Station, New York. This purpose-built, ±5,000-square-foot dental facility spans two floors with additional basement space, providing a specialized layout designed specifically for long-term dental operations. The asset is leased under a triple-net (NNN) structure, minimizing landlord responsibilities. With approximately four years remaining on the current lease term, the investment provides predictable near-term cash flow while maintaining future flexibility. The lease also features three percent annual rent increases, delivering built-in income growth throughout the remaining term. Orthodontic and dental services remain among the most resilient healthcare sectors, supported by strong long-term fundamentals. National dental industry expenditures exceed $174 billion annually, reflecting consistent consumer demand and the essential nature of oral healthcare services. Overall, Concerned Dental Care represents an opportunity to acquire a corporate-backed, net-leased healthcare asset with contractual rent growth and minimal operational oversight.

Investment highlights

  • Single-Tenant Net-Leased Medical Office Asset

  • Approximately Four Years Remaining on Current Lease Term

  • Purpose-Built ±5,000 SF Dental Facility Across Two Floors with

  • Basement Space

  • Triple-Net (NNN) Lease Offering Minimal Landlord Responsibilities

  • Three Percent Annual Rent Increases Providing Built-In Income Growth

  • Dental Industry Expenditures Exceed $174 Billion Nationally

Listing Contacts

CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,109.00
$14,259.08/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
John Horowitz
License
NY 10311204479
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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