MIDWEST DENTAL | 1730 7th St S
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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
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
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)
1 of 1
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
Parcel Number | 3411741 | Improvements Assessment | £314,701 |
Land Assessment | £50,546 | Total Assessment | £365,248 |
PROPERTY TAXES
Parcel Number
3411741
Land Assessment
£50,546
Improvements Assessment
£314,701
Total Assessment
£365,248
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MIDWEST DENTAL | 1730 7th St S
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