STREAM Capital Partners > Properties > All Properties > Dove Family Dental

Dove Family Dental

Net Lease

4283 Raleigh Millington Road, Memphis, TN
Price:
$1,248,000
Cap Rate:
7.75%
Current Rent:
$96,720
Tenancy:
Single Tenant
Lease Type:
Triple Net
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 NNN 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)
Price:
$1,248,000
Cap Rate:
7.75%
Current Rent:
$96,720
Lease Type:
Triple Net
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

Jordan Williams

Senior Associate
205 209 5671[email protected]

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

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