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Shopping Strip

Smiley Dental & Orthodontics | Garland

10901 Garland Rd, Dallas, TX 75218

Listing Price: $4,143,000

Cap Rate
7.50%
Gross SF
15,536
Rentable SF
15,536
Price/Gross SF
$266.67
Lot Size
0.48 acres
Year Built
1967

Investment Overview

Marcus & Millichap is pleased to offer, for sale-leaseback, Smiley Dental & Orthodontics anchored mixed-use strip center in Garland, a Dallas-Fort Worth metro city in Texas. The subject location was established in 2006, with a 15,536 square-foot building situated on a 0.48-acre lot. Smiley Dental & Orthodontics will sign a new 15-year NNN Lease for 50 percent of the space and a three-year, triple-net lease for Smiley Dental Management office. The leases come with annual 2 percent increases to hedge against inflation.

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 an investor who is looking for a well-established and safe asset on a long-term corporate guaranteed triple-net leases 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
  • Long Term NNN Leases
  • Annual 2% Rent Increases with Blended CAP Rate of 7.49%
  • Established in 2006
  • No State Tax in Texas

Exclusively Listed By

Financing By

Shopping Strip

Smiley Dental & Orthodontics | Garland

Listing Price: $4,143,000

Cap Rate
7.50%
Gross SF
15,536
Rentable SF
15,536
Price/Gross SF
$266.67
Lot Size
0.48 acres
Year Built
1967

Investment Highlights

  • 35-Unit Corporate Guarantee Smiley Dental & Orthodontics Sale-Leaseback
  • Phenomenal Year-Over-Year Revenue Growth
  • Long Term NNN Leases
  • Annual 2% Rent Increases with Blended CAP Rate of 7.49%
  • Established in 2006
  • No State Tax in Texas

Investment Overview

Marcus & Millichap is pleased to offer, for sale-leaseback, Smiley Dental & Orthodontics anchored mixed-use strip center in Garland, a Dallas-Fort Worth metro city in Texas. The subject location was established in 2006, with a 15,536 square-foot building situated on a 0.48-acre lot. Smiley Dental & Orthodontics will sign a new 15-year NNN Lease for 50 percent of the space and a three-year, triple-net lease for Smiley Dental Management office. The leases come with annual 2 percent increases to hedge against inflation. 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 an investor who is looking for a well-established and safe asset on a long-term corporate guaranteed triple-net leases in one of the fastest-growing metro areas in the U.S.

Exclusively Listed By

Financing By

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