Listed by Colliers - San Diego - Carlsbad, California
$2,898,000
MB2 Dental | Corporate NNN Lease with 1.5% Annual Increases
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 7,710
Cap Rate 6.75%
NOI $195,647
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 03/31/2034
Remaining Term 7.7
Rent Bumps Yes
Year Built 2021
Buildings 1
Acreage 1.210
Investment Type Stabilized
Lease Commencement 04/01/2024
Ground Lease No
Corporate NNN Lease with 1.5% Annual Increases | 118,225 Residents in Trade Area
Marketing description
PROXIMITY
- 118,225 Residents in Primary Trade Area - 135,855 total daytime population
- High-Growth Market with 30% Population Increase Since 2010 - Affluent area with an average household income of $97,149 in 3-mile radius
- Strategically Located Within Medical Office Park - Surrounded by thousands of apartment units
- 5 Miles to Western Kentucky University with 15,920 Students - 4,646 employees and $1.6 billion economic impact
- Just Off I-65 with 88,000 VPD and Direct Access to Nashville - Minutes to several K-12 schools with 22,400 combined students
- Minutes to Fruit of the Loom Headquarters and Distribution Center - Approximately 1,000 employees
Investment highlights
SECURE STREAM OF INCOME
- 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 2021 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
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,647.00
$16,303.92/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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