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SMILEPOINT DENTAL GROUP 620 E San Patricio Ave

2,600 SF Office Building Mathis, TX 78368 £596,771 (£230/SF) 8.25% Net Initial Yield

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Investment Highlights

Smilepoint Dental Group, based in Houston, TX, is a rapidly expanding DSO with 25+ offices across Texas and New Mexico
This deal is offered at an 8.25% cap rate – rare to find with a brand new 10-year term leased to a proven regional operator
Specialized Use | DSO Tenancy | Resistant Asset Class

This deal features a brand new 10-year lease executed at closing. The lease feature 3 x 5 year options to extend, and 2% annual increases
NNN Leases with Minimal Landlord Responsibilities
H-E-B Shadow Anchored | Ideal Main Road Location | High Visibility

Executive Summary

Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

SmilePoint Dental - Mathis, TX - OM

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

2,600 SF

Building Class

Year Built

1993

Price

£596,771

Price Per SF

£230

Net Initial Yield

8.25%

NOI

£49,234

Tenancy

Single

Number of Floors

Typical Floor Size

2,600 SF

Building FAR

0.16

Land Acres

0.37 AC

Parking

8 Spaces (3.08 Spaces per 1,000 SF Leased)

Amenities

Signage

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