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Midwest Dental Sale-Leaseback, Plover, WI

Midwest Dental Sale-Leaseback

Price $692,000
Cap Rate 6.50%
NOI $44,988
Lease Term 15 Years
Lease Type Absolute NNN lease, With Tenant Responsible For All Property-Related Costs, Maintenance, And Repairs
Rental Increases 5% In Each Option
Year Built 1991
Building Size 2,950 SF
Lot Size 0.9 Acres
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» New 15-year lease to major national dental services provider
» No landlord management, ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located just off the main highway between Plover and Downtown Stevens Point
» Convenient access to Interstate 39 (23,100 AADT)
» Located just off Plover’s primary retail corridor tenanted by a strong mix of national and local retailers including Menards (150 employees), Culver’s, Burger King, Taco Bell, Papa Murphy’s, IHOP, Dunkin’ Donuts, Verizon, KFC, Copps, Pizza Hut, and others

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Minutes from Downtown Stevens Point and 2.5 miles from Downtown Whiting, WI
» Near several schools, including the University of Wisconsin at Stevens Point (8,626 students and 1,900 employees), Roosevelt IDEA School (468 students), andMcDill Elementary School (395 students)
» 43,106 residents live within a five-mile radius



Property Description

The property is strategically located just off the main retail corridor between Plover and Stevens Point. Post Road connects Plover and Stevens Point and is tenanted by a strong mix of national and regional tenants. At the nearest intersection Post Road experiences over 14,400 vehicles per day. Plover is an affluent suburb of Stevens Point with an average household income above $91,000 within one mile of the property. The site also benefits from its proximity to major national retailers including Burger King, Taco Bell, Pizza Hut, the United States Postal Service, McDonald’s, Menards, Culver’s and many others. As well as a proximity to major employers including Del Monte (746 employees) and RR Donnelley (146 employees).

The property is located just minutes from Downtown Stevens Point, Downtown Whiting, and the University of Wisconsin at Stevens Point, the largest university in the county with over 10,000 students and faculty. Stevens Point has a vibrant culture and attracts over 750,000 visitors per year, generating over $120 million dollars annually.

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