10901 Garland Rd - Medical FOR SALE


Dallas, TX 75218
$3,884,000 USD
972-482-0111
10901 Garland Rd, Dallas, TX for Sale
$3,884,000 USD
Medical - FOR SALE
1/13
null | 8% Cap Rate

10901 Garland Rd
Dallas, TX 75218


HIGHLIGHTS

  • Smiley Dental & Orthodontics Medical Office Building
  • Owner-User Could Occupy Upstairs 7,768 SF Office Space
  • Long Term 15 Year NNN Leases
  • Annual 2% Rent Increases
  • No State Tax in Texas

OVERVIEW

Marcus & Millichap is pleased to offer Smiley Dental & Orthodontics anchored medical office building in Garland, a Dallas-Fort Worth metro city in Texas. The clinic at the subject location was established in 2006, with a 15,536 square-foot building situated on a 0.48-acre lot. Smiley Dental & Orthodontics will sign a new 15-year NNN Lease for 50 percent of the space that includes Smiley Dental & Orthodontics and Clinica San Andres which Smiley will master lease, and three-year, triple-net lease for Smiley Dental Management office. The leases come with annual 2 percent increases to hedge against inflation. For owner-user, Smiley Dental Management Office can be relocated. Smiley Dental & Orthodontics was founded 20 years ago in 2003 and currently has 35 locations in Texas with around 60 providers and 300 employees. Smiley Dental & Orthodontics' vision is to provide all ranges of dental services including general dentistry, orthodontics and oral surgery, all in one place at an affordable price. Smiley Dental & Orthodontics has been achieving excellent revenue growth year-over-year. This is a great opportunity for an investor who is looking for a well-established and safe asset on a long-term corporate guaranteed triple-net leases in one of the fastestgrowing metro areas in the U.S.

FOR SALE DETAILS

PRICE

$3,884,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smiley Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,791 SF

ZONING

CR, Dallas

APN/PARCEL ID

00536100000110000

ASK ABOUT THIS PROPERTY

William KimMarcus & MillichapMore Info
972-482-0111

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William KimMarcus & MillichapMore Info
972-482-0111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.