RECESSION RESISTANT ASSET CLASS
- Healthcare properties are sought after for their resistance to recessions, e-commerce, pandemics and are rarely offered as a completely hands-off investment.
RENTAL INCREASES
- All three leases are subject to rental increases throughout the Base Term and remaining Option Terms. A future landlord will benefit with a boost in cashflow and return on their investment, along with a protection against inflation.
WELL-POSITIONED ASSET
- Located along high-trafficked Worcester St which sees over (±17,000 VPD), the highly visible property sits directly across from a busy Stop & Shop grocery anchored shopping center with national tenants that include: CVS Pharmacy, Anytime Fitness, Supercuts and more.
GUARANTEED LEASES
- All leases are subject to corporate or personal guarantees for the Base and Option Terms.
AFFLUENT DEMOGRAPHICS
- The asset is located in a dense, affluent market with a 5-mile population exceeding 105,000 people with income levels exceeding $127,000.
STICKY INVESTMENT
- Dental support organizations rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
TENANT INVESTMENT IN LOCATION
- The landlord provided shell spaces to the tenants upon execution of their leases, all three tenants made sizable investments into their buildouts.
MULTI-LOCATION OPERATORS
- The dental practice is occupied by Denta356 on a corporately guaranteed lease. Dental365 is one of the largest DSO’s in the Northeast with over 100+ locations. Simply Orthodontics (Simply Dental Management), founded by Dr. Sam Alkhoury in 2005, has grown to over 40 locations in the New England area.
PROMINENT ACCESS TO MAJOR COMMUTER ROUTES & TRAIN STATION
- The subject property is located roughly 40 miles outside of Boston and just off the Massachusetts Turnpike that sees over 98,000 VPD. The assets also sits less than 3 miles from Grafton Train Station which sees over 10,000 riders per day on the MBTA Commuter Rail, providing pubic transportation from Worcester Union Station to South Station (Boston).