Familia Dental – Green Bay, WI

$1,428,571
Price
$100,000
Noi
7.00%
Cap Rate
5,000
Leasable Area
2017
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 5,000 SF Familia Dental, located in Green Bay, WI. The property is encumbered with a Ten (10) Year Double Net Lease, leaving limited landlord responsibilities. The lease contains two (5Yr.) options, the lease also contains 10% escalations every 5 years. The store has been open since 2017 with a rent commencement date of 04/01/2017. This Familia Dental is strategically located on Main St in Green Bay.

The population within a five-mile radius is greater than 124,000, with the average household income within a one mile radius exceeding $52,000. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. List price reflects a 7.00% cap rate based on NOI of $100,000.

• NN+ Familia Dental (Limited Responsibilities)
• Tenant Has Invested $2 Million in This Location!
• 10 Year Term | Two (5Yr.) Options | 10% Bumps at Option
• 10% Bumps Every 5 years
• 7 Years 9 Months Remaining
• Population Within 5 Miles Exceeds 124,000
• Average Household Income Within 1 Mile of $52,391
• 13,700 Cars Per Day on Main St