• NNN Lease — Healthcare properties are sought after for their resistance to e-commerce and recessions but often come with responsibilities for roof, structure, parking, and HVAC. The tenant takes care of all taxes, maintenance, and insurance, including repair and replacement of these items.
• Bite Size Value Add Dental Office— The property is currently only 50% occupied by an orthodontic practice, making it a perfect location for a general dentist or specialty group.
• Oak Dental Partners — Oak Dental Partners is a network of approximately 70 dental offices across the Southeast. The group has consistently added new locations every year since their founding in 2015. They expand by acquiring practices that are already established and successful within the communities they serve.
• $187 Billion Industry — Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
• Specialized Use & Tenant Investment in Location — It is costly for dental and orthodontic practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to the difficulty in retaining the same patients after moving. Interior dental office build-out alone can frequently pass over the $150-200/SF range.
• Walmart Adjacent; High Traffic Counts — The property sits across the street from a Walmart Supercenter and sees 30,000 cars per day in front of the office.