Excellent opportunity to acquire a 3,421-square-foot, purpose-built dental/medical facility, offering immediate investment income with future owner-user potential. This well-maintained property features eight operatories/exam rooms, dedicated sterilization, lab, equipment room, laundry area, along with a waiting/reception area, business offices, two private offices, staff area & multiple restrooms. Built in 1997 & expanded in 2015, the facility offers substantial existing clinical infrastructure that could significantly reduce the time & cost of developing a new practice. Existing dental equipment is available & negotiable. A 24-month leaseback provides rental income at 7.5+/- cap rate with a triple net lease while the existing dental practice completes construction of its new facility. The lease period allows a purchaser to earn income while preparing for future occupancy or identifying a replacement tenant. The property is ideally suited for specialty dental and medical owner-users, such endodontics, periodontics and implant dentistry, oral and maxillofacial surgery, pediatric dentistry, orthodontics, and other healthcare uses. General dentistry is a restricted use; specialty dental and other medical uses are welcomed. A rare opportunity to acquire an established clinical facility today, receive income during the transition period, and position the property for future owner occupancy or investment. Surrounded by local schools, many other businesses, and thousands of rooftops, this location cannot be beat!
Details:Excellent opportunity to acquire a 3,421-square-foot, purpose-built dental/medical facility, offering immediate investment income with future owner-user potential. This well-maintained property features eight operatories/exam rooms, dedicated sterilization, lab, equipment room, laundry area, along with a waiting/reception area, business offices, two private offices, staff area & multiple restrooms. Built in 1997 & expanded in 2015, the facility offers substantial existing clinical infrastructure that could significantly reduce the time & cost of developing a new practice. Existing dental equipment is available & negotiable. A 24-month leaseback provides rental income at 7.5+/- cap rate with a triple net lease while the existing dental practice completes construction of its new facility. The lease period allows a purchaser to earn income while preparing for future occupancy or identifying a replacement tenant. The property is ideally suited for specialty dental and medical owner-users, such endodontics, periodontics and implant dentistry, oral and maxillofacial surgery, pediatric dentistry, orthodontics, and other healthcare uses. General dentistry is a restricted use; specialty dental and other medical uses are welcomed. A rare opportunity to acquire an established clinical facility today, receive income during the transition period, and position the property for future owner occupancy or investment. Surrounded by local schools, many other businesses, and thousands of rooftops, this location cannot be beat!
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