Cap Rate
8.25%
Price Per SF
$206
Year Built
1962
Leasable Area
5,362 SF
NOI
$91,127
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
- University of Notre Dame – Notre Dame is located just 5 minutes away from the property. Notre Dame has a strong impact on the local economy, bringing in an estimated $2.46 billion annually.
- Schools – South Bend is home to 30 schools, providing quick and easy access for one of Smile Doctors’ larger patient bases.
- Scheduled Rental Increases – 3.00% annual rental increases 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.
- Strong Demographics – The site is favorably located in a heavily populated area with over 399,778 residents in a 5-mile radius.
- Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlord responsibilities.
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