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Single-Tenant Office Medical

Smiley Dental & Orthodontics | Shepherd

3624 Shepherd Ln, Balch Springs, TX 75180

Listing Price: $1,476,000

Cap Rate
6.50%
Tenant Name
Smiley Dental & Orthodontics
Gross SF
2,665
Guarantor
Corporate Guarantee
Rentable SF
2,665
Price/Gross SF
$553.85
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Overview

Marcus & Millichap is pleased to offer, for sale-leaseback, eight Smiley Dental & Orthodontics offices located throughout the Dallas-Fort Worth metro areas in Texas. These can be sold together or individually. The subject location was established in 2010, located on Shepherd Lane in Balch Springs, a Dallas adjoining city, with a 2,665 square-foot building situated on a 0.37-acre lot.

Smiley Dental & Orthodontics was founded 20 years ago in 2003 and currently has 35 locations in Texas with around 60 providers and 300 employees. Smiley Dental & Orthodontics' vision is to provide all ranges of dental services including general dentistry, orthodontics and oral surgery, all in one place at an affordable price. Revenue growth in 2022 was 26 percent and it is projected to grow around 20 percent in 2023.

This is a great opportunity for a passive investor who is looking for a well-established and safe asset on a long-term corporate guaranteed Absolute triple-net lease in one of the fastest-growing metro areas in the U.S.

Investment Highlights

  • 35-Unit Corporate Guarantee Smiley Dental & Orthodontics Sale-Leaseback
  • Phenomenal Year-Over-Year Revenue Growth
  • Absolute NNN | No Landlord Responsibilities
  • 15-Year Initial Term with Four 5-Year Options
  • Annual 2% Rent Increases with Blended CAP Rate of 7.49%
  • Established in 2010
  • No State Tax in Texas

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Smiley Dental & Orthodontics | Shepherd

Listing Price: $1,476,000

Cap Rate
6.50%
Tenant Name
Smiley Dental & Orthodontics
Gross SF
2,665
Guarantor
Corporate Guarantee
Rentable SF
2,665
Price/Gross SF
$553.85
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Highlights

  • 35-Unit Corporate Guarantee Smiley Dental & Orthodontics Sale-Leaseback
  • Phenomenal Year-Over-Year Revenue Growth
  • Absolute NNN | No Landlord Responsibilities
  • 15-Year Initial Term with Four 5-Year Options
  • Annual 2% Rent Increases with Blended CAP Rate of 7.49%
  • Established in 2010
  • No State Tax in Texas

Investment Overview

Marcus & Millichap is pleased to offer, for sale-leaseback, eight Smiley Dental & Orthodontics offices located throughout the Dallas-Fort Worth metro areas in Texas. These can be sold together or individually. The subject location was established in 2010, located on Shepherd Lane in Balch Springs, a Dallas adjoining city, with a 2,665 square-foot building situated on a 0.37-acre lot. Smiley Dental & Orthodontics was founded 20 years ago in 2003 and currently has 35 locations in Texas with around 60 providers and 300 employees. Smiley Dental & Orthodontics' vision is to provide all ranges of dental services including general dentistry, orthodontics and oral surgery, all in one place at an affordable price. Revenue growth in 2022 was 26 percent and it is projected to grow around 20 percent in 2023. This is a great opportunity for a passive investor who is looking for a well-established and safe asset on a long-term corporate guaranteed Absolute triple-net lease in one of the fastest-growing metro areas in the U.S.

Exclusively Listed By

Financing By

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