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714-716 S Dixie Drive, Vandalia, OH, 45377

Smile Doctors

$898,643

Key Information

Cap Rate
8.7%
$ per SF
$160
Tot. SF
5,600
Term Remaining
± 4 Years
Type
Healthcare
Occupancy
100%
NOI
$78,183

Highlights

• Best-in-class Tenant — Smile Doctors is one of the most sought-after tenants in the Healthcare space, with over 590 locations across 36 states.
• Streamlined Expansion — Smile Doctors expands by acquiring existing practices that are already successful and established within the community. This business model allowed them to quickly become one of the largest DSOs in the country.
• Healthcare Real Estate — Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce
• 2% Annual Rent Increases — The lease features 2% annual rent increases, providing investors with growing cash flow throughout the lease term.
• Strategic Location — The property is ideally positioned along S Dixie Drive, one of Vandalia’s primary commercial corridors, providing strong visibility and convenient access. The site also benefits from immediate connectivity to I-75 and I-70, two of the Dayton region’s major transportation arteries.
• Recent Lease Extension — Smile Doctors recently exercised its five-year renewal option, highlighting its continued commitment to the office.
• School Patient Base — The property is located near several Vandalia-area schools, including Butler High School, Helke Elementary School, Morton Middle School and St. Christopher School, providing convenient access to a strong base of local families and school-age patients.
• Tenant Investment in Location — Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BRKP.2019005179, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113