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9 Professional Pkwy, Hattiesburg, MS, 39402

SMILE DOCTORS
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Highlights

INVESTMENT HIGHLIGHTS

  • Premier Orthodontic DSO: Smile Doctors is the largest orthodontic focused DSO in the country, with over 400 locations. They expand by acquiring existing and successful practices across the US.
  • $156 Billion Industry: Dentistry is one of the largest industries in healthcare and grows by an average of 2.4% annually.
  • Tenant Renewal & Commitment: Smile Doctors just did an early lease renewal at this location, providing a continued commitment to the location and the patients they serve.
  • Specialized Use & Tenant Investment in Location: Dental practices rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
  • Favorable Historical Occupancy: The practice has occupied this location for decades, demonstrating the success of the current property use.
  • Strong Inflation Hedge: Smile Doctors’ lease features rent increases of 3.0% annually.
  • Bite Sized Deal: The offering offers the opportunity to acquire a corporate dental deal at under $1M.

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211

Key Information

Cap Rate
8.75%
$ per SF
$202
Tot. SF
3,520
Term Remaining
±4 YRS
Type
Healthcare
Occupancy
100%
NOI
$62,252