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261 James St #3b, Morristown, NJ, 07960

Squire Dental
Closed

Key Information

Tot. SF
2,115
Year Built
1986
Term Remaining
±7.8 YRS
Type
Healthcare

Highlights

  • Best-in-class Tenant: Squire Dental is a growing DSO with 28 offices across the country.
  • Streamlined Expansion: Squire Dental expands by acquiring existing practices that are already successful and established within the community. This business model allows them to quickly expand.
  • 7.80 Year NN+ Investment: This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.
  • 3% Annual Rental Increases: The lease features 3% annual rental increases, providing investors with growing cash flow and a hedge against inflation.
  • Ideal 1031 Exchange Property: With a passive structure and nearly 8 years of lease term, this is an ideal property for local or out of state investors.
  • Multiple Doctors: The office is staffed by three doctors, which is typically indicative of a higher-producing location.
  • Growing Industry: The global dental market size is calculated at USD 39.64 billion in 2024, grew to USD 44.33 billion in 2025, and is projected to reach around USD 121.36 billion by 2034. The market is expanding at a CAGR of 11.84% between 2025 and 2034. (per Towards Healthcare)

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656