Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a sale-leaseback investment occupied by Smiley Dental & Orthodontics in Corpus Christi, Texas, one of South Texas' most important economic and healthcare hubs. The subject property consists of a 2,400-square-foot medical office building situated on a 0.328-acre parcel. Constructed in 2014, the facility is occupied by Smiley Dental & Orthodontics and serves the growing healthcare needs of the surrounding community. As part of the transaction, Smiley Dental & Orthodontics will execute a new 15-year absolute NNN lease covering the entire property. The lease structure provides a truly passive investment opportunity, with the tenant responsible for all property operating expenses, maintenance, repairs, taxes, and insurance. Additionally, the lease features annual rent increases of 2%, providing investors with an attractive hedge against inflation, as well as four five-year renewal options. Founded in 2003, Smiley Dental & Orthodontics has grown into one of Texas' leading dental service providers, operating 25 locations across the state and employing approximately 45 providers and 220 employees. The organization is committed to delivering comprehensive and affordable dental care by offering a full spectrum of services, including general dentistry, orthodontics, and oral surgery, all under one roof. This offering presents investors with the opportunity to acquire a long-term, absolute NNN healthcare asset backed by an established and growing regional operator. Combined with the strong demographics, expanding healthcare demand, and strategic coastal location of Corpus Christi, the property offers stable cash flow and long-term investment potential in one of South Texas' leading metropolitan markets.