Cap Rate
10%
Leasable Area
8,268 SF
Term Remaining
±4.02 YRS
NOI
$110,935
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- Best-in-Class Tenant – Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies in the US with 450+ locations across 28 states.
- Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
- Scheduled Rental Increases – 3.00% annual rental increases from Smile Doctors provide a future owner a boost in cash flow and return on their investment, along with protection against inflation.
- Recent Lease Renewal – Smile Doctors renewed the lease in November of 2024 showing their long-term commitment to the location.
- Streamlined Expansion – Smile Doctors expands by acquiring existing practices that are already established within the community. This allows them to quickly grow their footprint across the country.
- Wealthy Demographics – The surrounding area has an average household income above $123,265.
- Strategic Location – The property is located less than ±2 miles from a strip center that is home to major national tenants such as CVS, McDonald’s, Taco Bell, and Walgreens.
- Industry – Healthcare is one of the largest industries in Granger, IN.
Broker of Record
- Kyle Matthews
- License No. RC52200195 (IN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203