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32389814
32389815

646 Manchester Street, Barbourville, KY 40906

WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
KG
OH 2025003139
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$456,000
30 days on market
Updated 24 days ago

Mills & Hays Family Dentistry

Details
APN 089-20-21-006
Property Type Office
Sub Type Medical Office
Square Footage 3,000
Cap Rate 8.50%
NOI $38,740
Tenancy Single
Lease Type NNN
Lease Expiration 06/24/2032
Rent Bumps Yes
Lease Options Two, 5 year
Price per SqFt $152
Year Built 1974
Acreage 0.600
Investment Type Net Lease
Lease Commencement 06/25/2017

Office | 8.50% CAP | 3,000 SqFt

Marketing description

Marcus & Millichap is pleased to present the net-leased investment opportunity located at 646 Manchester Street in Barbourville, Kentucky. Tenant Mills and Hays Family Dentistry is backed by PepperPointe, an established dental service organization (DSO)—representing over 100 practices and more than 1,100 dental professionals—serving 300,000 patients across the United States.

The asset is secured by a triple-net (NNN) lease structure, providing minimal landlord responsibilities and predictable income for investors. The current lease has approximately 6.2 years remaining and includes two five-year renewal options, each featuring attractive 10 percent rental increases

The property presents a compelling opportunity for investors seeking an asset with built-in income growth and long-term upside through structured rent escalations. Further enhancing the investment, the tenant boasts over 450 Google reviews with an impressive 4.9-star rating, reflecting strong community presence and patient loyalty. Additionally, the dental industry's annual expenditure exceeds $174 billion, highlighting the resilience and essential nature of the sector. These factors combine to position the asset as a highly attractive, recession-resistant investment with durable demand drivers and long-term tenant viability.

Investment highlights

  • Tenant Backed by DSO That Supports Over 100 Practices and 1,100 Dental Professionals Nationwide
  • NNN Lease Structure Provides Minimal Landlord Responsibilities and Stable Income
  • Attractive 10 Percent Rent Increases with Two Five-Year Renewal Options
  • Strong Tenant Performance with 4.9-Star Rating and Over 450 Google Reviews

Listing Contacts

WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
KG
OH 2025003139
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,739.60
$3,228.30/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Grant Fitzgerald
License
KY 286261
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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