Listed by Colliers - San Diego - Carlsbad, California
$1,845,000
MB2 Dental | Corporate NNN Lease with 1.5% Annual Increases
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,907
Cap Rate 6.75%
NOI $124,515
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 03/31/2034
Remaining Term 7.7
Rent Bumps Yes
Year Built 2023
Acreage 0.790
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2024
Ground Lease No
Recently Executed 10-Year Extension
Marketing description
- 57,790 Total Daytime Population in 7-Mile Radius - 36,339 residents in primary trade area
- 15 Miles to Fort Campbell: the 2nd Largest Military Base - 30,113 Active Military and 241,910 total residents with a $10 billion annual economic impact
- Just Off I-169 with 15,100 VPD - Direct access to Nashville (70 Miles)
- Regional Trade Area Drawing from 20-Mile Radius - Over 200,000 residents
- County Seat of Christian County - Longtime regional center in Western Kentucky
Investment highlights
- Recently Executed 10-Year Extension - Nearly 8 years remaining on base term, MB2 partnered with practice in 2023
- NNN Lease with 1.5% Annual Increases - Brand new 2023 construction with minimal landlord responsibilities
- Corporate Guaranteed Lease with MB2 - 800+ locations in 43 states with 1,900+ doctors included in the dental partnership organization
- MB2 Featured in Inc. 5,000 List of Fastest Growing Private Companies for Fifth Time (2024) - Added over 500 locations and grown by more than 30% per year since 2021
- MB2 is the Largest Dental Partnership Organization (DPO) in the U.S. - Valued in excess of $3.5 billion (as of 2024)
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$124,515.00
$10,376.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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