Skip to main content

Single-Tenant Office Medical

Smiley Dental & Orthodontics

3225 Kennedy Ln, Texarkana, TX 75503

Listing Price: $2,781,000

Cap Rate
5.50%
Tenant Name
Smiley Dental & Orthodontics
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
4,566
Lease Type
Absolute Net
Rent Per Square Feet
$33.50

Investment Overview

Marcus & Millichap is pleased to offer for sale an absolute net lease, single-tenant, Smiley Dental & Orthodontics in Texarkana, Texas. The property has no landlord responsibilities and is a Corporate Guarantee by Heartland Dental. The lease was initially a 15-year lease and currently has six years remaining with 2.5 percent rent increases annually and has two, five-year options. The Heartland Dental was subleased to Smiley Dental and Orthodontics in June 2019 and current tenant has 5 star rating in Google reviews. The subject property is located in Texarkana, Texas, a bustling town at the border of Texas and Arkansas. It is located next to a #4 ranked Arby's and across from the Central Mall, #6 ranked Regional Mall in the entire State of Texas according to Placer.AI as of writing of this offering memorandum. The mall is anchored by Dillard's and JC Penny with over 4 million annual visitors. The buyer of this property will enjoy no landlord responsibilities with Heartland Dental corporate guarantee, solid tenant with 5 star rating in one of the busiest retail corridors in the State of Texas.

Investment Highlights

  • Absolute Net Leased Smiley Dental & Orthodontics
  • No Landlord Responsibilities
  • Heartland Dental Corporate Guarantee
  • Initial 15-Year Lease with Six Years Remaining, Two, Five-Year Options
  • Annual 2.5 Percent Rent Increase
  • 5 Star Google Reviews
  • Next to #4 Arby's in the State of Texas
  • Across from #6 Regional Mall in the State of Texas

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Smiley Dental & Orthodontics

Listing Price: $2,781,000

Cap Rate
5.50%
Tenant Name
Smiley Dental & Orthodontics
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
4,566
Lease Type
Absolute Net
Rent Per Square Feet
$33.50

Investment Highlights

  • Absolute Net Leased Smiley Dental & Orthodontics
  • No Landlord Responsibilities
  • Heartland Dental Corporate Guarantee
  • Initial 15-Year Lease with Six Years Remaining, Two, Five-Year Options
  • Annual 2.5 Percent Rent Increase
  • 5 Star Google Reviews
  • Next to #4 Arby's in the State of Texas
  • Across from #6 Regional Mall in the State of Texas

Investment Overview

Marcus & Millichap is pleased to offer for sale an absolute net lease, single-tenant, Smiley Dental & Orthodontics in Texarkana, Texas. The property has no landlord responsibilities and is a Corporate Guarantee by Heartland Dental. The lease was initially a 15-year lease and currently has six years remaining with 2.5 percent rent increases annually and has two, five-year options. The Heartland Dental was subleased to Smiley Dental and Orthodontics in June 2019 and current tenant has 5 star rating in Google reviews. The subject property is located in Texarkana, Texas, a bustling town at the border of Texas and Arkansas. It is located next to a #4 ranked Arby's and across from the Central Mall, #6 ranked Regional Mall in the entire State of Texas according to Placer.AI as of writing of this offering memorandum. The mall is anchored by Dillard's and JC Penny with over 4 million annual visitors. The buyer of this property will enjoy no landlord responsibilities with Heartland Dental corporate guarantee, solid tenant with 5 star rating in one of the busiest retail corridors in the State of Texas.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower