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Single-Tenant Office Medical

Pacific Dental

2515 Iowa St, Lawrence, KS 66046

Listing Price: $1,905,000

Cap Rate
5.50%
Tenant Name
Pacific Dental Services, LLC
Years Remaining On Lease
11.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$635.00
Lease Type
Double Net
Rent Per Square Feet
$34.93

Investment Overview

After graduating from UCLA in 1989, Pacific Dental Services (PDS) Founder, President, and CEO, Stephen Thorne, found himself in a tough job market and started working at his father’s Victorville, California dental practice. Thorne continued to work for his father, learning the ins-and-outs of dental administration and helping grow the practice from one location to five. In 1993, Thorne set out to create The Greatest Dental Company in America. Lawrence is located 35 miles west of Kansas City and 25 miles east of Topeka. It is the county seat of Douglas County and is the sixth-largest city in Kansas with 94,934 residents. Lawrence is well known as a college town, home to both the University of Kansas and Haskell Nations University. The area is a hotbed for families moving from Kansas City and the surrounding areas and is one of the state's fastest growing cities. The city has a diverse economy spanning education, agriculture, government, financial services, and scientific research.

Investment Highlights

  • 11 Years Remaining on Corporate Lease with Pacific Dental
  • 10 Percent Rental Increase Occurring in December 2025
  • 99,126 Residents Within a Five-Mile Radius - Growing Lawrence Trade Area
  • Outparcel to Planet Fitness and Office Depot Anchored Shopping Center
  • Situated at the Hard Corner Intersection of Iowa Street and West 25th Street, Visible to Over 27,500 Cars per Day
  • One Mile North of the Lawrence Trafficway, a Major Connector for the City
  • Located within a Dense Retail Corridor - Walmart, Target, Menards, The Home Depot, Best Buy, ALDI, PetSmart, Raising Cane's, and More
  • Strong Daytime Population - 123,410 Employees in Surrounding Area

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Single-Tenant Office Medical

Pacific Dental

Listing Price: $1,905,000

Cap Rate
5.50%
Tenant Name
Pacific Dental Services, LLC
Years Remaining On Lease
11.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$635.00
Lease Type
Double Net
Rent Per Square Feet
$34.93

Investment Highlights

  • 11 Years Remaining on Corporate Lease with Pacific Dental
  • 10 Percent Rental Increase Occurring in December 2025
  • 99,126 Residents Within a Five-Mile Radius - Growing Lawrence Trade Area
  • Outparcel to Planet Fitness and Office Depot Anchored Shopping Center
  • Situated at the Hard Corner Intersection of Iowa Street and West 25th Street, Visible to Over 27,500 Cars per Day
  • One Mile North of the Lawrence Trafficway, a Major Connector for the City
  • Located within a Dense Retail Corridor - Walmart, Target, Menards, The Home Depot, Best Buy, ALDI, PetSmart, Raising Cane's, and More
  • Strong Daytime Population - 123,410 Employees in Surrounding Area

Investment Overview

After graduating from UCLA in 1989, Pacific Dental Services (PDS) Founder, President, and CEO, Stephen Thorne, found himself in a tough job market and started working at his father’s Victorville, California dental practice. Thorne continued to work for his father, learning the ins-and-outs of dental administration and helping grow the practice from one location to five. In 1993, Thorne set out to create The Greatest Dental Company in America. Lawrence is located 35 miles west of Kansas City and 25 miles east of Topeka. It is the county seat of Douglas County and is the sixth-largest city in Kansas with 94,934 residents. Lawrence is well known as a college town, home to both the University of Kansas and Haskell Nations University. The area is a hotbed for families moving from Kansas City and the surrounding areas and is one of the state's fastest growing cities. The city has a diverse economy spanning education, agriculture, government, financial services, and scientific research.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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