Dove Family Dental

Net Lease

4283 Raleigh Millington Road, Memphis, Tennessee

Ownership Type:

Fee Simple

Price:

$1,248,000

Cap Rate:

7.75%

Current Rent:

$96,720

Tenancy:

Single Tenant

Lease Type:

DoubleNet

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 9+ years

Renewal Options:

2, 5-year options

Building Sq. Ft.:

3,224 SF

Rent Increases:

3% Annually

Site Size:

0.44 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: Brand new NN 10 yr lease with 3% annual escalations showing their commitment to the market and location. 2025 Renovation opening May 2025
Zero Landlord Responsibilities: Ensuring ease of management
Location: Conveniently located at the corner of Raleigh Millington Rd. & Egypt Central Rd. which boasts a combined traffic count of 24k+ VPD. The site is also walking distance to the 3 schools that serve the surrounding community (Egypt Elementary, Raleigh Egypt Middle, & Raleigh Egypt High School)

Access Offering Memorandum

Ownership Type:

Fee Simple

Price:

$1,248,000

Cap Rate:

7.75%

Current Rent:

$96,720

Lease Type:

DoubleNet

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 9+ years

Renewal Options:

2, 5-year options

Building Sq. Ft.:

3,224 SF

Rent Increases:

3% Annually

Site Size:

0.44 Acres

Listing Agents

Davy Turner

Vice President
310.433.5945[email protected]

Jordan Williams

Senior Associate
205 209 5671[email protected]

Broker of Record: Connor Shell, TN Lic. #371818

Download Offering Memorandum

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