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MIDWEST DENTAL 1730 7th St S

8,788 SF 100% Leased Office Building Wisconsin Rapids, WI 54494 £515,671 (£59/SF) 9.50% Net Initial Yield

Investment Highlights

  • Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
  • Recent Lease Extension – Midwest exercised their five-year option in 2024 showing their long-term commitment to the location.
  • Smile Brands Affiliate – Midwest Dental is an affiliate of Smile Brands. Smile Brands is a DSO that currently has over 700 locations 30 states.
  • Growing Business Model – In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%.
  • Retail Corridor – The site is located across the street from national tenants such as Pizza Hut, Jimmy John’s, Dunkin’, & McDonald’s.
  • Ideal Investment – This deal has a low barrier to entry for investors because of its attractive price point and high return.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £48,988 £5.57

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £48,988
Annual Per SF £5.57

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,788 SF
Building Class
C
Year Built
1982
Price
£515,671
Price Per SF
£59
Net Initial Yield
9.50%
NOI
£48,989
Percent Leased
100%
Number of Floors
1
Typical Floor Size
8,788 SF
Building FAR
0.23
Land Acres
0.88 AC
Zoning
R2 - Commercial
Parking
13 Spaces (1.48 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3411741
Land Assessment
£50,546
Improvements Assessment
£314,701
Total Assessment
£365,248
  • Listing ID: 33398404

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 1730 7th St S, Wisconsin Rapids, WI 54494

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