STREAM Capital Partners > Properties > All Properties > Dentistry for Children

Dentistry for Children

Net Lease

2303 & 2309 45th Street, Highland, Indiana
Ownership Type:
Owner/User
Price:
$1,120,660
Cap Rate:
7.00%
Current Rent:
$78,446
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Expiration Date::
Approx. 3 years
Renewal Options:
2, 5-year options
Rent Increases:
2% Annually

Investment Highlights

  • Strong Underlying Real Estate: Located just off the intersection of Indianapolis Blvd. and 45th St. which boasts a combined traffic count of over 60k VPD
  • Reliable Customer Base: Highland, IN is part of the Chicago metropolitan area and North Township. 20% of Highland’s population is under 18 supporting the need for a strong pediatric dentistry presence
  • Upside Potential: Below market rents for both assets provide room for significant value appreciation
  • Credit Tenant: MB2 Dental 800+ 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
  • Unit Level Financials: Dentistry for Children is an established pediatric dental office with a large customer base and strong unit level performance within the MB2 portfolio
Ownership Type:
Owner/User
Price:
$1,120,660
Cap Rate:
7.00%
Current Rent:
$78,446
Lease Type:
DoubleNet
Lease Expiration Date::
Approx. 3 years
Renewal Options:
2, 5-year options
Rent Increases:
2% Annually

Listing Agents

Davy Turner

Vice President
310.433.5945[email protected]

Jordan Williams

Senior Associate
205 209 5671[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, License #: IN – RB14037939

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