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.