Specialty Dental Brands | 8.5 Year Lease
5,600 SF | Office Building | West Islip, NY 11795 | $2,878,303 ($514/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,878,303
- Property Type
-
Office
- Square Feet
- 5,600 SF
- Price / Square Foot
- $514
Listing Contacts
Thor St John
Verified Profile
Michael Moreno
Verified Profile
Rahul Chhajed
Verified Profile
- Property Info
Property Overview
- Ideal 1031 Exchange Property – With minimal landlord responsibilities, strong rent increases, and nine years of term remaining this is an ideal property for local or out of state investors looking for consistent passive cash flow.
- Sticky Investment – Dental offices rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving
- High Traffic Corridor – The intersection of Higbie and Union sees a combined traffic count of over 32,000 cars per day
- School Proximity – The property is located down the street from a high school, middle school, and two elementary schools, providing direct access to a recurring patient base for an orthodontics office
- Major Retail Synergy – The property is located just outside a high traffic retail corrido with dozens of national tenants and over 1M square feet of retail
- Robust Demographics – The property boats over 256,000 residents in a 5-mile radius and the average incomes in a 1,3, and 5-mile radius all exceed $135,000, with the immediate area being $177,000.
- Strong Specialty Dental Operator – Specialty Dental Brands is DSO with over 200 locations across the country. Across their offices they serve patients with all different types of dental needs, including orthodontics, oral surgery, endodontics, periodontics, and implants. They are one of the largest specialized dental groups in the country.
- $430 Billion Industry – The global dental services market is valued at over $430 Billion and is projected to grow at a CAGR of 4.5%
- Sticky Investment – Dental offices rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving
- High Traffic Corridor – The intersection of Higbie and Union sees a combined traffic count of over 32,000 cars per day
- School Proximity – The property is located down the street from a high school, middle school, and two elementary schools, providing direct access to a recurring patient base for an orthodontics office
- Major Retail Synergy – The property is located just outside a high traffic retail corrido with dozens of national tenants and over 1M square feet of retail
- Robust Demographics – The property boats over 256,000 residents in a 5-mile radius and the average incomes in a 1,3, and 5-mile radius all exceed $135,000, with the immediate area being $177,000.
- Strong Specialty Dental Operator – Specialty Dental Brands is DSO with over 200 locations across the country. Across their offices they serve patients with all different types of dental needs, including orthodontics, oral surgery, endodontics, periodontics, and implants. They are one of the largest specialized dental groups in the country.
- $430 Billion Industry – The global dental services market is valued at over $430 Billion and is projected to grow at a CAGR of 4.5%
Property Details
- Class
- B
- Year Built
- 2009
- Stories
- 1
- Property Subtype
- Medical, Freestanding
- Lot Size (sq. ft)
- 25,265 SF
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