Listed by The Property Advisor
$1,600,000
Familia Dental, 1931 Main Street, Green Bay, WI 54302
Details
Property Type Office
Sub Type Medical Office
Square Footage 5,000
Cap Rate 6.88%
NOI $110,000
Tenancy Single
Lease Type NN+
Lease Expiration 03/31/2032
Rent Bumps Yes
Lease Options 2- 5 year options, first option confirmed and soon to start
Pro-Forma Cap Rate 7.56%
Pro-Forma NOI $121,000
Year Built 2016
Acreage 1.070
Zoning C-1
Investment Type Net Lease
Lease Commencement 04/01/2017
Office | 6.88% CAP | 5,000 SqFt
Marketing description
Property Advisory Group, Ltd. is pleased to present the opportunity to acquire a newer constructed free standing Familia Dental (Built 2016) along a major commercial corridor in Green Bay, WI.
This site has proven profitable for the Tenant that is pleased with the performance of the location. The initial 10-year term soon expires and the tenant just renewed their first 5 year option with one more 5 year option remaining.
Investment highlights
- Tenant initially invested $2M in this location
- NN+ Lease (Limited Responsibilities)
- 10% Rent Bumps every 5 years
- Below Market Rent (cost prohibitive to relocate)
- 13,700 Cars Per Day on Main Street
- Tenant Website: www.familiadental.com
- Tenant has 38 Stores in 6 States
- 2- 5 year options, first option confirmed and soon to start
Listing Contacts
Listed by The Property Advisor
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
6.88%
Cap Rate
6.88%
ROI
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