Single-Tenant Office Medical

Distinctive Dental Concepts

Listing Price: $895,000

Cap Rate
7.07%
Tenant Name
1215 Thomasville Garland Services, LLC
Years Remaining On Lease
5.50
Gross SF
2,773
Guarantor
No Guarantee
Rentable SF
2,773
Price/Gross SF
$322.76
Lease Type
Double Net
Rent Per Square Feet
$22.83

Investment Overview

Marcus & Millichap is pleased to offer for sale this beautiful dental office building located in Garland, Texas. The 2,773 square-foot building is situated on approximately 0.41 acres and was built-to-suit in 2011.

The building is situated in an affluent area of Garland - surrounded by golf clubs and high-end dining and shopping areas. It is also situated within a medical office park which provides business synergy for the tenant.

The tenant is a growing dental service organization (DSO) headquartered in Dallas, Texas called Partnership For Dentists (P4D). They specifically target partnerships with dentists who have robust balance sheets, have multiple dentists at the practice, and who plan on years of future service. In 2019 they partnered with Distinctive Dental Concepts, who have been practicing at this location since 2011.

The current double-net lease runs until March 31, 2026, and has two, five-year options that follow. There are attractive 10% rent bumps at the beginning of each of those option periods.

In short, an investor can acquire well-located, healthcare-purposed real estate that generates stable cash flows from a dental group with long-term commitment to the site.

Investment Highlights

  • MINIMAL LANDLORD RESPONSIBILITIES
  • EXCELLENT LOCATION
  • RENT INCREASES IN OPTIONS
  • TENANT COMMITMENT

Exclusively Listed By

Single-Tenant Office Medical

Distinctive Dental Concepts

Listing Price: $895,000

Cap Rate
7.07%
Tenant Name
1215 Thomasville Garland Services, LLC
Years Remaining On Lease
5.50
Gross SF
2,773
Guarantor
No Guarantee
Rentable SF
2,773
Price/Gross SF
$322.76
Lease Type
Double Net
Rent Per Square Feet
$22.83

Investment Highlights

  • MINIMAL LANDLORD RESPONSIBILITIES
  • EXCELLENT LOCATION
  • RENT INCREASES IN OPTIONS
  • TENANT COMMITMENT

Investment Overview

Marcus & Millichap is pleased to offer for sale this beautiful dental office building located in Garland, Texas. The 2,773 square-foot building is situated on approximately 0.41 acres and was built-to-suit in 2011.

The building is situated in an affluent area of Garland - surrounded by golf clubs and high-end dining and shopping areas. It is also situated within a medical office park which provides business synergy for the tenant.

The tenant is a growing dental service organization (DSO) headquartered in Dallas, Texas called Partnership For Dentists (P4D). They specifically target partnerships with dentists who have robust balance sheets, have multiple dentists at the practice, and who plan on years of future service. In 2019 they partnered with Distinctive Dental Concepts, who have been practicing at this location since 2011.

The current double-net lease runs until March 31, 2026, and has two, five-year options that follow. There are attractive 10% rent bumps at the beginning of each of those option periods.

In short, an investor can acquire well-located, healthcare-purposed real estate that generates stable cash flows from a dental group with long-term commitment to the site.

Exclusively Listed By

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