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1705 Vestavia Pkwy, Vestavia Hills, AL, 35216

Orthodontic Partners

$1,585,454

Key Information

Cap Rate
8.25%
$ per SF
$346
Tot. SF
4,394
Term Remaining
± 4 Years
Type
Healthcare
NOI
$130,800

Highlights

• National Dental Operator — Orthodontic Partners has over 100 locations across the country. 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
• Location Commitment — The tenant recently extended their early, demonstrating a commitment to this location and providing confidence in their success at this clinic
• Strong Historical Occupancy — This office has been an orthodontics practice for over 20 years, providing a buyer with a high level of comfort with the success of the current property use
• 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
• High School Proximity — The property sits directly next to Vestavia Hills High School, providing immediate access to a large and recurring patient base for an Orthodontics practice
• High Income Market within Birmingham MSA — Vestavia Hills is one of the wealthiest neighborhoods within the greater Birmingham metro area, with 1, 3, and 5-mile incomes all exceeding $115,000

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203