Oak Dental Partners

NNN Lease Structure: 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.
Established Dental Network: 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.
National Title Tenant: RELI is a title and escrow provider with 26 offices across the Southeast. They are a division of Acrisure, one of the largest insurance brokerages in the world with over $5B in revenue and 19,000 employees.
Large Dental Industry: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
Tenant Lease Commitment: The tenant recently extended their lease early, demonstrating a commitment to this location and providing confidence in their success at this clinic.
Long-Term Occupancy: This office has been an orthodontics practice for over 15 years, providing a buyer a high level of comfort with the success of the current property use.
High Tenant Investment: 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.
Strong Area Growth: The population growth in a 3-mile radius is projected to grow by over 4.5%. Within a 10-mile radius the area saw nearly 12.5% population growth from 2020-2025.

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Hutt Cooke