Cap Rate
8.5%
Price Per SF
$413
Year Built
2000
Leasable Area
3,675 SF
Term Remaining
±2 YRS
NOI
$128,952
Property Type
Healthcare
LEAD LISTING AGENT
Email
[email protected]
License No.
02051284 (CA)
Direct
+1 (310) 955-1774
Mobile
+1 (510) 684-0574
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- SMILE DOCTORS
With over 460 locations, Smile Doctors is the largest orthodontic operator across the country. Like other DSOs, they grow their network of practices by acquiring existing and established practices. The practice at this locations has been operating and serving patients in the greater Charlotte area for decades. - $187 BILLION INDUSTRY
Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually. - BOOMING SURROUNDING RETAIL CORRIDOR
The property sits in a retail corridor that’s home to Walmart, ALDI, Lowe’s, Harris Teeter, and dozens of other national tenants. - 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 also tend to stay put due to the difficulty in retaining the same patients after moving. - HIGH TRAFFIC THROUGHFARE
Hwy 160 is a major artery in the Charlotte MSA and sees nearly 30,000 cars per day in front of the property. - ROBUST AND FAVORABLE DEMOGRAPHICS
The 5, 3, and 1-mile average household income levels are all over $124,000. Over 126,000 residents live within a 5-mile radius, with that number projected to grow to 140,000 over the next four years (2.3% annual growth).
Broker of Record
- Kyle Matthews
- License No. 22684 (SC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203