Listed by Matthews
$1,167,380
Smile Partners USA
Details
Property Type Office
Sub Type Medical Office
Square Footage 4,687
Net Rentable (SqFt) 4,687
Cap Rate 7.15%
NOI $83,468
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 07/30/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $249
Year Built 2009
Investment Type Net Lease
Lease Commencement 08/01/2021
Absolute NNN | 7.15% Cap | 3% Annual Increases | 123+ Unit Dental Operator | $1,167,380
Investment highlights
Property & Location Highlights
- Absolute NNN Lease – This investment is a completely hands-off lease with no tax, maintenance, or insurance responsibilities for the landlord.
- 3% Annual Rental Increases – The lease features 3% annual rent increases, providing investors with growing cash flow and a hedge against inflation.
- Proximity to Detroit Metro Airport – The subject property benefits from its location just south of Detroit Metropolitan Wayne County Airport. The airport is one of the busiest in the Midwest, bringing sustained infrastructure investment and employment to the surrounding area.
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
- Established Local School Presence – The property is located within the Huron School District, which serves grades K–12 and includes 5 public schools within the ZIP code. Proximity to local schools helps support a stable family patient base for the dental practice.
- Accessible Location Near Major Thoroughfares – The property benefits from convenient access to Interstate 275 and nearby regional roadways, providing strong connectivity throughout Metro Detroit.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$83,468.00
$6,955.67/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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