Newly Executed Lease
Highlights
Newly executed lease extension through 11/30/2030
Tenant has operated out of the location for 20+ years (build-to-suit in 2002)
Landlord installed a new HVAC system in 2022 10% rent increase beginning in 2025 - $61,424 NOI
22,112+ VPD with a 117,364 five-mile population and avg. HH Income of $99,877
Located within a strong medical/retail corridor
Tenant Proven Stickiness: 23 years in place; recently exercised option. High build-out costs and patient retention needs make relocation unlikely.
Strong Fundamentals: Recession-resistant sector, national brand tenant, and proven location.
DSO- Affiliated Brand:13% of U.S. dentists were DSOaffiliated in 2022 (up from 10.4% in 2019). 23% of dentists practicing <10 years are DSO-affiliated.
#9 location in the state
Zoom
Copyright © 2025 Avison Young. All rights reserved. Powered by SharpLaunch


