1200 S Chancery St
McMinnville, TN 37110

Property: • Dental Real Estate--Dental facilities are extremely sought-after investments as they are recession and e-commerce resistant • Ideal 1031 Exchange Property–The current lease term has 8 years remaining and features 2.0% increases every year, giving investors a strong hedge against inflation • Tenant Investment in Location—Dental support organizations rarely relocate due to high costs of moving and difficulty in retaining the same patients Location • 26 Year operating history—The clinic had been operating since 1993 before the business was acquired by Smile Doctors in 2017, demonstrating an extremely strong track record and commitment to the site going forward. • Complete Market Share—Smile Doctors is the only specialized orthodontic clinic in a 20-mile radius of the site, which provides additional business from surrounding communities Tenant • Private equity investment in Smile Doctors by Linden Capital and Sheridan Capital in 2017 provides a large private equity backing with an extremely strong growth outlook • 55% Tenant Growth (Year Over Year)–Smile Doctors has rapidly grown from 90 locations in 2017 to over 140 locations in 13 states in 2018, making it the fastest growing DSO • Streamlined Expansion—Smile Doctors expands by acquiring existing orthodontic practices that are already successful and established within the community. This allows them to quickly grow their footprint across new markets and states • Growing Sector in Healthcare—The global orthodontic support market is expected to grow at a CAGR of 11.7% over the next 4 years alone