Single-Tenant Office Medical
MB2 Dental -NNN Lease - Queens, NY
55-36 69th Pl, Queens, NY 11378
Listing Price: $1,100,000
Investment Overview
The subject offering is a 1,445 square-foot retail condo located right off the corner of 69th Place and Grand Avenue in Maspeth (Queens). The unit is currently on an NNN lease with MB2 Dental, which runs through 2028 with one (3) three-year renewal option. The lease calls for three percent annual increases. MB2 Dental is responsible for paying 100 percent of the real estate taxes and Condo Maintenance Fees.
This unit is retail (Use Group 6) and allows for all retail uses. The site has been an orthodontal practice for over 20 years. The lease has a corporate guarantee from MB2 Dental, the first and largest dental partnership organization in the country. MB2 Dental has 700 locations in 43 states. They recently received a $525M private equity investment, and they have an enterprise value of $3.5 Billion.
The unit consists of a 722 square foot ground floor orthodontal practice and a 722 square foot lower level that also has a C of O for medical use (currently being used as offices and storage). The offering is right in the heart of Maspeth, and sits just off Grand Avenue, the main retail corridor in the neighborhood.
MB2 Dental -NNN Lease - Queens, NY
Investment Highlights
- 1,445 SF Single-Tenant Net-Leased Retail Condo Located One Building Off Grand Street in the Heart of Maspeth (Queens), NY.
- Location has Been an Orthodontal Practice for 25+ Years. The Tenant is MB2 Dental, Which has a Fully Corporate Guaranteed NNN Lease Through 2028 With 3% Annual Increases.
- MB2 Dental has 700+ Locations and an Enterprise Value of $3.5 Billion. This is the Rare Opportunity to Acquire a Zero Management Queens Deal With a Corporate Guarantee.
Exclusively Listed By
Listing Price: $1,100,000
Investment Highlights
- 1,445 SF Single-Tenant Net-Leased Retail Condo Located One Building Off Grand Street in the Heart of Maspeth (Queens), NY.
- Location has Been an Orthodontal Practice for 25+ Years. The Tenant is MB2 Dental, Which has a Fully Corporate Guaranteed NNN Lease Through 2028 With 3% Annual Increases.
- MB2 Dental has 700+ Locations and an Enterprise Value of $3.5 Billion. This is the Rare Opportunity to Acquire a Zero Management Queens Deal With a Corporate Guarantee.
Investment Overview
The subject offering is a 1,445 square-foot retail condo located right off the corner of 69th Place and Grand Avenue in Maspeth (Queens). The unit is currently on an NNN lease with MB2 Dental, which runs through 2028 with one (3) three-year renewal option. The lease calls for three percent annual increases. MB2 Dental is responsible for paying 100 percent of the real estate taxes and Condo Maintenance Fees. This unit is retail (Use Group 6) and allows for all retail uses. The site has been an orthodontal practice for over 20 years. The lease has a corporate guarantee from MB2 Dental, the first and largest dental partnership organization in the country. MB2 Dental has 700 locations in 43 states. They recently received a $525M private equity investment, and they have an enterprise value of $3.5 Billion. The unit consists of a 722 square foot ground floor orthodontal practice and a 722 square foot lower level that also has a C of O for medical use (currently being used as offices and storage). The offering is right in the heart of Maspeth, and sits just off Grand Avenue, the main retail corridor in the neighborhood.
Exclusively Listed By
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