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SMILE DOCTORS 100 Woodruff Rd

3,600 SF Office Building Simpsonville, SC 29681 $1,440,000 ($400/SF) 8% Cap Rate

Executive Summary

Smile Doctors – With over 450 locations, Smile Doctors is the largest orthodontic operator across the country. Like other DSOs, they grow their network of practices by acquiring existing and established practices. The practice at this location has been operating and serving patients in the greater Greenville MSA since 2011.
$187 Billion Industry — Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
Location Commitment — After purchasing this practice in 2019, Smile Doctors just renewed their lease again in 2024, demonstrating a commitment to this location and providing confidence in their success at this clinic. investment
Booming Surrounding Retail Corridor — The property sits in a retail corridor that’s home to Publix, Food Lion, Lowes Foods, and dozens of other national tenants.
Specialized Use & Tenant Investment in Location — It is costly for dental and orthodontic practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices also tend to stay put due to the difficulty in retaining the same patients after moving.
High Traffic Thoroughfare — Woodruff Rd is a major artery in the Greenville MSA and sees over 21,000 cars per day in front of the property.
Robust and Favorable Demographics — The 5, 3, and 1-mile average household income levels are all over $115,000. 113,000 residents live within a 5-mile radius. The area has a very strong projected population growth rate of 2.0% annually over the next five years.

Broker of Record
Kyle Matthews
License No. 22684 (SC)

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,600 SF
Building Class
B
Year Built
2011
Price
$1,440,000
Price Per SF
$400
Cap Rate
8%
NOI
$115,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
1.50
Lot Size
0.06 AC
Zoning
POD
Parking
19 Spaces (5.28 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0531.18-01-001.00
Land Assessment
$10,210
Improvements Assessment
$35,430
Total Assessment
$45,640
  • Listing ID: 34111253

  • Date on Market: 12/6/2024

  • Last Updated:

  • Address: 100 Woodruff Rd, Simpsonville, SC 29681

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