10901 Garland Rd - Medical FOR SALE


Dallas, TX 75218- Highland Meadows
$4,500,000 USD
972-482-0111
10901 Garland Rd, Dallas, TX for Sale
$4,500,000 USD
Medical - FOR SALE
1/14
null | 7.25% Cap Rate

10901 Garland Rd
Dallas, TX 75218
Highland Meadows


HIGHLIGHTS

  • Smiley Dental & Orthodontics Sale-Leaseback
  • Corporate Guarantee with Approximately 60 Providers and 300 Employees
  • 15 Year Absolute NNN with Annual 2% Increases
  • Four 5-Year Options
  • Zero Landlord Responsibilities
  • Established in 2003 with 26 Locations

OVERVIEW

Marcus & Millichap is pleased to offer Smiley Dental & Orthodontics sale-leaseback 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 absolute NNN lease for the entire building. The medical facility is currently occupied by Smiley Dental & Orthodontics Clinic, Smiley Dental Management Office, and Clinica San Andres. The 15-year absolute NNN lease will come with no landlord responsibilities, with the tenant paying for all expenses directly, and annual two percent increases to hedge against inflation with four 5-year options. Smiley Dental & Orthodontics was founded 22 years ago in 2003 and currently has 26 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. This is a great opportunity for a passive investor who desires high return with complete hands-off operation in ever expanding Dallas-Fort Worth Metro.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smiley Dental & Orthodontics 15 Year SLB

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 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.