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Single-Tenant Office

Smiley Dental & Orthodontics | 15 Year Sale-Leaseback

10901 Garland Rd, Dallas, TX 75218

Listing Price: $4,500,000

Cap Rate
7.25%
Gross SF
15,536
Rentable SF
15,536
Price/Gross SF
$289.65
Lot Size
0.48 acres
Year Built
1967

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.

Investment Highlights

  • Smiley Dental & Orthodontics Sale-Leaseback
  • 15 Year Absolute NNN with Annual 2% Increases
  • Zero Landlord Responsibility
  • Established in 2003 wth 26 Locations
  • Smiley Dental Employs Approximately 60 Providers and 300 Employees
  • No Income Tax State

Exclusively Listed By

Financing By

Single-Tenant Office

Smiley Dental & Orthodontics | 15 Year Sale-Leaseback

Listing Price: $4,500,000

Cap Rate
7.25%
Gross SF
15,536
Rentable SF
15,536
Price/Gross SF
$289.65
Lot Size
0.48 acres
Year Built
1967

Investment Highlights

  • Smiley Dental & Orthodontics Sale-Leaseback
  • 15 Year Absolute NNN with Annual 2% Increases
  • Zero Landlord Responsibility
  • Established in 2003 wth 26 Locations
  • Smiley Dental Employs Approximately 60 Providers and 300 Employees
  • No Income Tax State

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.

Exclusively Listed By

Financing By

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