414 Main Street NW

• Specialty Dental Brands is a premier operator specialty-specific dental practices across the US. With over 250 locations, they focus not on general dentistry but on higher acuity specialties like oral surgery.
• This Elk River office was built to expand an existing oral surgery practice in this market, demonstrating existing and growing demand within the area. The local AOMS brand is home to seven different oral surgeons.
• Dental offices do not frequently offer the rare combination of both a 15-year base term and strong 3% annual inflation hedge. The average cap rate across the base term of the lease is 7.63%, which grows to 9.18% by the final year.
• Specialty Dental Brands’ lease offers a very rare one (1) ten (10) year option. Most new construction properties only offer several 5-year options after the base term, which leaves owners with decades of short-term renewals.
• Dentistry is one of the largest industries in healthcare and grows by an average of 5% annually. This offering provides the opportunity to acquire a property within one of the most important areas of healthcare, and within the most medically necessary specialty of dentistry.
• The property is very well positioned across the highway from a retail corridor that is home to a Walmart Supercenter, Home Depot, and many other national tenants. US-169 sees over 45,000 cars per day just down the street from the property.
• The Elk River submarket of Minneapolis features high household incomes of over $130,000 within a 5-mile radius. The area population grew by an impressive 2.0% annual over the past five years. The city actively has over 1,600 single and multifamily units under development as demand in the area continues to soar.
• It is highly cost prohibitive for oral surgery practices to relocate due to having one of the highest build-out costs across all healthcare specialties.