Smile Straight Orthodontics- Tucson, AZ

Rare absolute NNN lease – This offering provides a very rare opportunity to acquire a passive absolute net lease. All tax, maintenance, and insurance costs are handled directly by the tenant, with HOA expenses paid directly by landlord and reimbursed by tenant.
Kids Dental Brands – The tenant is a regional conglomerate of Kids Dental Brands which has a network of 45 dental offices across AZ, TX, MS, MO, NC, VA, and OH. They have consistently added new locations since their first office was opened in the Phoenix area in the early 2000s, and they continue to expand by acquiring practices that are already established and successful within the communities they serve.
$187 billion industry – Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
Location commitment – Smile Straight Orthodontics has been at this location for nearly 20 years. In 2016, they completed significant renovations and expanded the orthodontics operations into an existing suite, demonstrating their commitment to the location and providing confidence in their continued success at this clinic.
Advantageous per/SF metrics – At a price of just $284/SF the property is priced below replacement cost. Interior dental office build-out alone can frequently pass over the $150–200/SF range.
Strong historical occupancy – The property has been operating as a dental practice for nearly 20 years, providing a buyer a high level of comfort with the success of the current property use.
Specialized use & tenant investment in location – It is costly for dental practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to the difficulty in retaining the same patients after moving. Interior dental office build-out alone can frequently pass over the $150–200/SF range.
High traffic thoroughfare – Country Club Rd sees over 24,000 cars per day outside the property and is one of the largest thoroughfares in the entire city of Tucson.
Bite size deal – The property offers investors the opportunity to acquire a long-term absolute NNN lease with a national tenant at just $750,000.
Recession resistant asset class – Healthcare properties are sought after for their resistance to e-commerce trends and recessions.

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David Harrington