Super dental office

Office for Sale
Sale Pending
Catylist Listing ID: 30333941
Property Subtypes: Net Leased, Office Building
Status: Pending
Building Size (RSF): 4,389 SF
Gross Land Area: 1.32 Acres
Sale Price: $785,000
Unit Price: $178.86 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Dental Connections
Usable Size (USF): 4,389 SF
Sale Terms: Cash to Seller
Cap Rate: 8.23%
Average Occupancy Rate: 100
Last Updated: 10/9/2018

Overview / Comments

You could not find an easier investment ! State of the art dental facility with triple net lease to Applewhite Dental. Applewhite has 34 locations across 4 states in the Midwest. Current lease runs to May 31, 2022. There is a 5 year option with 5% bumpon future extensions.

Additional Details

Nearest MSA: Freeport
County: Stephenson
Taxing Authority: Stephenson County
Tax ID/APN: 18-13-35-332-005
Property Visibility: Excellent
Highway Access: us Highway 20
Airports: freeport municipal Rockford Regional
Site Description: Level building site with profesional zoning
Area Description: Newer construction all around - retirement communities, banks, et.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,389 SF
Year Built: 2008
Year Renovated: 2008
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: level 30+ parking spaces
Total Parking Spaces: 30
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Most equipment is owned by the seller.
Lot Frontage: 189
Lot Depth: 301
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,493 25,262 30,055
Median Age: 48.73 42.18 42.49
Households: 2,988 10,926 12,833

Contact

Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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