Matthews Logo

Navigation Menu

4202 10th St SE, Puyallup, WA, 98374

Washington Oral & Maxillofacial Surgery
$1,928,571

Key Information

Cap Rate
7%
$ per SF
$385
Lot Size
0.34 Acres
Year Built
2006
Term Remaining
±15 YRS
Type
Healthcare
NOI
$135,000
Leasable Area
5,000

Highlights

  • Healthcare Real Estate — Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
  • 15 Year Absolute NNN Investment — This investment is a completely hands-off, 15 year sale leaseback with zero tax, maintenance, and insurance responsibilities.
  • 3% Annual Rental Increases — The lease features 3% annual rent increases, providing investors with growing cash flow and a hedge against inflation.
  • Ideal 1031 Exchange Property — With zero landlord responsibilities and 15 years of lease term, this is an ideal property for local or out of state investors.
  • Growing Industry — The global dental market size is calculated at USD 39.64 billion in 2024, grew to USD 44.33 billion in 2025, and is projected to reach around USD 121.36 billion by 2034. The market is expanding at a CAGR of 11.84% between 2025 and 2034. (per Towards Healthcare).
  • Established Regional Operator — Washington Oral & Maxillofacial Surgery has 5 locations throughout WA.
  • No Income Tax – Washington is one of 9 states with no income tax.
  • Strategic Location – The property is located in a dense retail corridor less than one mile from South Hill Mall, a regional shopping center totaling approximately 1.07 million square feet with major anchors including JCPenney, Target, Dick’s Sporting Goods, and Regal Cinemas, drawing significant consumer traffic to the surrounding trade area.
  • Dense & Wealthy Demographics – There are over 180,000 residents in a 5-mile radius and an average household income above $117,000.
  • Sticky Investment – Dental practices rarely relocate due to high build-out costs and difficulty retaining the same patients after moving.
  • School Proximity -The office is located next to a handful of schools and is less than a mile from Pierce College Puyallup.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 21256, 27380 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219