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SMILE DOCTORS 700 Thurston St

2,874 SF 100% Leased Office Building Defiance, OH 43512 £413,332 (£144/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 Execution: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
  • Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community.
  • 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%.
  • Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Attachments

OM - Smile Doctors - Defiance, OH

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,874 SF
Building Class
C
Year Built
1967
Price
£413,332
Price Per SF
£144
Net Initial Yield
9.50%
NOI
£39,267
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
2,874 SF
Building FAR
0.39
Lot Size
0.17 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
M-2 - Manufacturing

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • B01-2096-0-011-00
  • B01-2096-0-012-00
 Improvements Assessment £44,850
Land Assessment £6,526 Total Assessment £51,376

PROPERTY TAXES

Parcel Numbers
Multiple
  • B01-2096-0-011-00
  • B01-2096-0-012-00
Land Assessment
£6,526
Improvements Assessment
£44,850
Total Assessment
£51,376
(773) 219-0964

Contacts

  • Listing ID: 33760586

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 700 Thurston St, Defiance, OH 43512

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© 2024 CoStar Group

SMILE DOCTORS | 700 Thurston St
(773) 219-0964 x

SMILE DOCTORS | 700 Thurston St

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Seamus O'Brien

(773) 219-0964

(773) 219-0964

Thor St John

(310) 955-1774

(310) 955-1774

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(818) 434-1106

(818) 434-1106

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