Mondovi Dental
- Price: $742,857
- Cap Rate: 7.00%
- Years Remaining: 1.5
- Rentable Area: 2,488 SF
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Mondovi Dental
Brewster, MA
Investment Highlights
- Sales Price: $742,857
- Cap Rate: 7.00%
- Years Remaining: 1.5
- Lot Size: 0.68 Acres
- Market: Brewster, MA
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership). The lease has over 1 year remaining on the current term with 2 (5-year) options to extend. It features a 7.5% rental increase at the beginning of each option period, generation additional NOI and hedging against inflation. Mondovi Dental is corporate signed by Merit Dental, Inc., which operates over 200 dental practices across 17 U.S. States.
Location
Mondovi Dental is located along Main Street, which features 13,700 vehicles passing by daily. Main Street is a major retail thoroughfare for Brewster, MA, and is home to national/credit tenants including Staples, Walgreens, CVS, and more. The property is located in a residential housing dominated area, creating a direct consumer base from which to draw. Mondovi Dental is a necessity-based E-commerce resistant tenant. The property is located near direct on/off ramp access to State Highway 6 (24,800 VPD), which connects the Cape Cod Peninsula. The trade area is supported by over 23,000 residents and 10,000 employees and features an affluent average household income of $115,470.
