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SMILE DOCTORS 926 E Jefferson Blvd

5,362 SF Office Building South Bend, IN 46617 $1,104,572 ($206/SF) 8.25% 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
  • Schools – South Bend is home to 30 schools, providing quick and easy access for one of Smile Doctors’ larger patient bases.
  • Recent Lease Renewal – Smile Doctors renewed the lease in November of 2024 showing their long-term commitment to the location.
  • University of Notre Dame – Notre Dame is located just 5 minutes away from the property. Notre Dame has a strong impact on the local economy
  • Scheduled Rental Increases – 3.00% annual rental increases provide a future owner a boost in cash flow and return on their investment
  • Strong Demographics – The site is favorably located in a heavily populated area with over 399,778 residents in a 5-mile radius.

Executive Summary

Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,362 SF
Building Class
C
Year Built
1962
Price
$1,104,572
Price Per SF
$206
Cap Rate
8.25%
NOI
$91,127
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,681 SF
Slab To Slab
12’
Building FAR
0.72
Land Acres
0.17 AC
Opportunity Zone
Yes
Parking
30 Spaces (5.59 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-08-12-280-005.000-026
Land Assessment
$30,300
Improvements Assessment
$119,500
Total Assessment
$149,800
  • Listing ID: 33949290

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 926 E Jefferson Blvd, South Bend, IN 46617

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