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 $659,046 ($75/SF) 9.50% Cap Rate
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 |
$62,609
|
$7.12
|
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 | $62,609 |
| Annual Per SF | $7.12 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,788 SF
Building Class
C
Year Built
1982
Price
$659,046
Price Per SF
$75
Cap Rate
9.50%
NOI
$62,609
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,788 SF
Building FAR
0.23
Lot Size
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 | $402,200 |
| Land Assessment | $64,600 | Total Assessment | $466,800 |
PROPERTY TAXES
Parcel Number
3411741
Land Assessment
$64,600
Improvements Assessment
$402,200
Total Assessment
$466,800
Contacts
-
Seamus O'Brien -
Thor St John -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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MIDWEST DENTAL | 1730 7th St S
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