STREAM Capital Partners > Properties > All Properties > Castlebury Dental

Castlebury Dental

Net Lease

3209 West Bavaria Street, Eagle, Idaho
Ownership Type:
Owner/User
Price:
$1,521,420
Cap Rate:
6.75%
Current Rent:
$102,696
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
5 years
Renewal Options:
2, 5 year options
Building Sq. Ft.:
4,668 SF
Rent Increases:
2% annually
Site Size:
0.30 Acres

Investment Highlights

  • Strong Guarantor: MB2 Dental has 700+ locations, 40 states, private equity backed. In 2023, MB2 saw record growth with 150 new partnerships and secured a $2.3B debt facility with KKR for future growth and acquisitions
  • Long Standing Dental Practice: Established and experienced dental practice with a strong track record
  • Commitment: 5 yr lease signed 2024 showing their commitment to the market and location
  • Minimal Landlord Responsibilities: Ensuring ease of management
  • Growing Location: Eagle, Idaho is a rapidly growing city located 10 miles outside Boise. As of 2023, the estimated population is 33k+ reflecting an annual growth rate of over 3%. Eagle’s blend of rapid growth, high quality of life, and proximity to Boise make it a notable community in Idaho’s Treasure Valley boasting an annual household income of over $130,000
Ownership Type:
Owner/User
Price:
$1,521,420
Cap Rate:
6.75%
Current Rent:
$102,696
Lease Type:
DoubleNet
Lease Term:
5 years
Renewal Options:
2, 5 year options
Building Sq. Ft.:
4,668 SF
Rent Increases:
2% annually
Site Size:
0.30 Acres

Listing Agents

Jordan Williams

Senior Associate
205 209 5671[email protected]

Bang Realty, Inc., Brian Brockman, License #: ID – DB49579, [email protected]

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