Investment Overview

Marcus & Millichap is pleased to offer Smiley Dental & Orthodontics sale-leaseback in Garland, a Dallas-Fort Worth metro city in Texas. The clinic at 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 absolute NNN lease for the entire building. The medical facility is currently occupied by Smiley Dental & Orthodontics Clinic, Smiley Dental Management Office, and Clinica San Andres. The 15-year absolute NNN lease will come with no landlord responsibilities, with the tenant paying for all expenses directly, and annual 2 percent increases to hedge against inflation. Smiley Dental & Orthodontics was founded 22 years ago in 2003 and currently has 26 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. This is a great opportunity for a passive investor who desires high return with complete hands-off operation in ever expanding Dallas-Fort Worth Metro.