Listed by Sands Investment Group Philadelphia, Sands Investment Group Los Angeles
$887,427
Rock Dental - Lebanon, MO
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,371
Cap Rate 7.85%
NOI $69,663
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 05/31/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options 1 x 5 Year Options
Price per SqFt $263
Year Built 1994
Acreage 0.580
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/13/2017
Ground Lease No
$887K | Dental Asset | 5-Year Lease Extension Secured
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 3,371 SF Rock Dental located at 590 Lynn Street in Lebanon, MO. This offering includes a recent early 5-year lease extension, demonstrating the tenant’s strong commitment to the site and long-term occupancy. The asset features minimal landlord responsibilities, providing a passive, management-free investment and a stable, reliable income stream.
Investment highlights
- Rock Dental Brands is a dentist-founded DSO established in 2015, supporting more than 100 affiliated dental practices across 5 Southeastern states. The clinician-led platform offers a multi-specialty model, including general, orthodontic, pediatric, and oral surgery services, and continues to expand through acquisitions and organic growth.
- The investment offers a passive, management-free structure with minimal landlord responsibilities.
- A recently executed early 5-year lease extension underscores the tenant’s long-term commitment to the location and stability of occupancy.
- Lebanon, Missouri serves as a growing regional hub along Interstate 44, strategically positioned between Springfield and St. Louis, providing strong connectivity and economic activity. The local economy is supported by major manufacturing employers such as White River Marine Group, Copeland, and Missouri Cooperage, each employing hundreds to over 1,000 workers in the immediate area.
- The property is located approximately 1.5 to 2 miles from Mercy Hospital Lebanon, a 58-bed acute care facility with over 500 employees. As the region’s primary healthcare provider, the hospital sees more than 100,000 patient visits annually and offers comprehensive services including emergency care, surgery, and oncology, serving as a strong demand driver for the surrounding area.
- Dental service organizations exhibit highly sticky tenancy, as relocation is uncommon due to significant build-out costs and the importance of maintaining an established patient base.
- The site benefits from strong visibility and accessibility, with traffic counts of approximately 11,700 vehicles per day.
Listing Contacts
Listed by Sands Investment Group Philadelphia, Sands Investment Group Los Angeles
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$69,663.00
$5,805.25/mo
Valuation Metrics
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DSCR
7.85%
Cap Rate
7.85%
ROI
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