Kenosha Breeze Family Dental

5 year NNN lease | Recent lease extension | 2018 practice acquisition: The tenant, APEX Dental Partners, executed a new 5-year NNN lease extension in 2023, further committing to the location since their acquisition of the practice in 2018. A lease renewal is a strong indication of the practice’s success and tenant’s commitment to the location long term.
Kenosha Breeze Family Dental | 7.96% cap rate | High yield investment opportunity: This deal is offered at a 7.96% cap rate – rare to find with a proven healthcare operator. With another 5% rental increase in the next option, brings the return to over 8.16% over the life of the lease.
Single tenant healthcare investment | Specialty use | Successful dental operator: Medical tenants are highly sought after by investors to withstand economic downturns and eCommerce consumer trends. This ability to perform during times of drastic change can bring confidence to an investor over other more vulnerable product types.
Passive lease structure | Ideal for 1031 exchange | Bite size price point: This NNN lease provides the owner with a virtually passive investment, an ideal structure for both local and national investors.
Specialized use | Healthcare tenancy | Resistant asset class: A new landlord reaps the benefits of a specialized healthcare tenancy and further layer of security as healthcare facilities rarely relocate due to the difficulty of retaining the same patients in a new location, and the high cost of moving. This location offers multiple service lines including Family Dentistry, Cosmetic Dentistry, Restorative Dentistry, Emergency Dentistry, Preventative Dentistry, Orthodontic Treatment, etc.
Tulsa, Oklahoma MSA | Fast growing suburb | Robust demographics | Proximity to national retail: There are over 175,000+ residents in a 5 mile radius of the property, with average household incomes above $90K. The location is well positioned on Kenosha St, seeing over 25K VPD, and down the street from major retail corridors featuring national tenants like Walmart, ALDI, BestBuy, Sam’s Club, Target, Marshall’s, Ross, Dick’s Sporting Goods, Reasor’s Grocer, Lowe’s, etc.

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Kyle Matthews