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Single-Tenant Office Medical

Refresh Dental Office | 6 Years Remaining | Corp. Guarantee | 10% Rent Bump in 2027

23845 Van Dyke Ave, Center Line, MI 48015

Listing Price: $557,000

Cap Rate
7.00%
Tenant Name
North American Dental Real Estate, LLC
Years Remaining On Lease
5.9
Guarantor
Corporate Guarantee
Rentable SF
2,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.28

Investment Overview

Marcus & Millichap is pleased to exclusively present the subject property, a single-tenant dental office 100 percent leased to North American Dental Group (“nadg”), a premier dental support organization with over 250 affiliated practices and more than 500 practicing dentists across the United States. nadg is backed by private equity leader Jacobs Holding, who has over 1.5 billion assets under management and significantly enhances the credit profile. The lease is structured as a triple-net (nnn), offering minimal landlord responsibilities and predictable, stable cash flow. The current lease term has six years remaining, with two (2) additional five-year renewal options providing long-term security and flexibility for investors. A 10 percent rent escalation is scheduled at the beginning of year six, further strengthening the income growth potential. strategically located in center line, Michigan, within the Detroit metropolitan statistical area (MSA), the property benefits from strong regional demographics, healthcare demand, and accessibility within a major Midwest market. Dental service organizations like nadg continue to lead the transformation of the dental industry, which remains one of the most resilient and expanding sectors in healthcare, with annual expenditures exceeding $174 billion and projected to grow in response to population increases, aging demographics, and rising awareness of preventive oral care. This offering represents a rare opportunity to acquire a high-quality, income-producing healthcare real estate asset backed by one of the nation’s most established and fastest-growing dental support platforms, combining strong tenant credit, favorable lease terms, and powerful industry tailwinds to deliver long-term value and investment stability.

Investment Highlights

  • Tenant "North American Dental Group" has over 250 Dental Practices Across the United States
  • Six Years Remaining on the Corporate Guaranteed Lease (Private Equity Backed)
  • Triple-Net (NNN) Lease Offers Minimal Landlord Obligations. Roof Replaced in 2024

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Financing By

Single-Tenant Office Medical

Refresh Dental Office | 6 Years Remaining | Corp. Guarantee | 10% Rent Bump in 2027

Listing Price: $557,000

Cap Rate
7.00%
Tenant Name
North American Dental Real Estate, LLC
Years Remaining On Lease
5.9
Guarantor
Corporate Guarantee
Rentable SF
2,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.28

Investment Highlights

  • Tenant "North American Dental Group" has over 250 Dental Practices Across the United States
  • Six Years Remaining on the Corporate Guaranteed Lease (Private Equity Backed)
  • Triple-Net (NNN) Lease Offers Minimal Landlord Obligations. Roof Replaced in 2024

Investment Overview

Marcus & Millichap is pleased to exclusively present the subject property, a single-tenant dental office 100 percent leased to North American Dental Group (“nadg”), a premier dental support organization with over 250 affiliated practices and more than 500 practicing dentists across the United States. nadg is backed by private equity leader Jacobs Holding, who has over 1.5 billion assets under management and significantly enhances the credit profile. The lease is structured as a triple-net (nnn), offering minimal landlord responsibilities and predictable, stable cash flow. The current lease term has six years remaining, with two (2) additional five-year renewal options providing long-term security and flexibility for investors. A 10 percent rent escalation is scheduled at the beginning of year six, further strengthening the income growth potential. strategically located in center line, Michigan, within the Detroit metropolitan statistical area (MSA), the property benefits from strong regional demographics, healthcare demand, and accessibility within a major Midwest market. Dental service organizations like nadg continue to lead the transformation of the dental industry, which remains one of the most resilient and expanding sectors in healthcare, with annual expenditures exceeding $174 billion and projected to grow in response to population increases, aging demographics, and rising awareness of preventive oral care. This offering represents a rare opportunity to acquire a high-quality, income-producing healthcare real estate asset backed by one of the nation’s most established and fastest-growing dental support platforms, combining strong tenant credit, favorable lease terms, and powerful industry tailwinds to deliver long-term value and investment stability.

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

Financing By

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