1071 S Enota Dr NE
Gainesville, GA 30501
Smile Doctors - 15 Year Lease - 6.15% Cap · Office Property For Sale

PROPERTY HIGHLIGHTS Relocation Clinic—The property was built to relocate a smaller Smile Doctors office that was seeing high patient growth and exceeded capacity, proving the tenant’s long-term commitment to the market New 2019 Construction Dental Clinic—Brand new facility built to meet Smile Doctors’ exact operating needs Healthcare Real Estate—Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce LOCATION HIGHLIGHTS High Growth Atlanta Suburb—The average population growth was 11.21% in a 1, 3, and 5-mile radius from 2010-2019, and is expected to jump another 6.89% by 2024 Ideal Hospital System Proximity—Located just 3 minutes from Northeast Georgia Medical Center, a 557-bed hospital, which is the largest health system in a 30 mile radius of the property High-Traffic Intersection—Over 29,000 cars pass through the Park Hill and South Enota intersection daily Perfect Location for Target Market—Gainesville is home to over 20 schools, providing easy access for one of Smile Doctors’ largest patient bases TENANT HIGHLIGHTS Private equity investment in Smile Doctors by Linden Capital and Sheridan Capital in 2017 provides a large private equity backing with an extremely strong growth outlook 77% Tenant Growth Since 2017–Smile Doctors has rapidly grown from 90 locations in 2017 to over 160 locations in 14 states in 2019, making it the fastest-growing DSO Streamlined Expansion—Smile Doctors acquires existing orthodontic practices that are already successful and established within the community. This allows them to quickly grow their footprint across new markets and states Growing Sector in Healthcare—The global orthodontic support market is expected to grow at a CAGR of 11.7% over the next 4 years alone