Midwest Dental Associates
Janesville, WI
Midwest Dental Associates
- Price: $1,580,000
- Cap Rate: 6.75%
- Years Remaining: 5
- Rentable Area: 9,816 SF
Investment Highlights
- Sales Price: $1,580,000
- Cap Rate: 6.75%
- Years Remaining: 5
- Lot Size: 1.80 Acres
- Market: Janesville, Wisconsin
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Robinson & Prijic Family Dental Associates investment property located in Janesville, Wisconsin. The Tenant, Midwest Dental, has over 5 years remaining in their current term with 1 (5 Year) option to extend remaining. The lease features rental increases each term. The lease is NNN with limited landlord responsibilities of roof, exterior, asphalt, surfaces, and HVAC(all of which are reimbursed by the Tenant), making it an ideal, low-management investment opportunity for a passive investor. Midwest Dental dentists, hygienists and dental assistants serve the dental care needs of patients across 200 locations in 17 states. Their support center and office support team members provide Midwest Dental offices with the administrative resources that allow their dentists, hygienists and dental assistants to focus on what they do best – providing quality care! Midwest Dental is the parent company of four regional brands and is owned by Smile Brands.
Location
Robinson & Prijic Family Dental Associates is strategically located on North Randall Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along North Randall Avenue. It shares this busy Janesville area with businesses like Walgreens, Home Depot, Target, and Office Max. The location benefits from the frequent street traffic of Milton Ave, which sees 25,684 vehicles daily. The 5-mile trade area is supported by a population of 68,426 and 42,221 daytime employees with an average household income of $78,657.
