Grand Dental Portfolio

Six Properties in, Chicago MSA, IL
Deal Type:
Net Lease
Price:
$9,900,000
Cap Rate:
6.90%
Current Rent:
$683,100
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four 5-Year Options at 2% Escalators Through Renewal Terms
Rent Increases:
2% Annual Increases

Investment Highlights

  • 15-year, absolute triple net master lease with 2% annual rent increases
  • Well-maintained locations; company has recently invested over $1.5 million into the properties
  • Sites have excellent visibility and are located in dense, retail corridors
  • Chicago medical office market is #1 nationally, in terms of net absorption
  • Dentist-owned and operated business with over 30-year operating history

Listing Agents

Chelsea Mandel

Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
jordan@stream-cp.com
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