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Smile Partners USA 18757 Huron River Dr 4,687 SF Office Building New Boston, MI 48164 $1,167,380 ($249.07/SF) 7.15% Cap Rate
Investment Highlights
- Absolute NNN Lease – This investment is a completely hands-off lease with no tax, maintenance, or insurance responsibilities for the landlord
- Proximity to Detroit Metro Airport – The subject property benefits from its location just south of Detroit Metropolitan Wayne County Airport
- Established Local School Presence – The property is located within the Huron School District, which serves grades K–12
- 3% Annual Rental Increases – The lease features 3% annual rent increases, providing investors with growing cash flow and a hedge against inflation
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Accessible Location Near Major Thoroughfares – The property benefits from convenient access to Interstate 275 and nearby regional roadways
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,687 SF
Building Class
B
Year Built
2009
Price
$1,167,380
Price Per SF
$249.07
Cap Rate
7.15%
NOI
$83,468
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,687 SF
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 75-019-99-0010-706 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $437,400 |
Property Taxes
Parcel Number
75-019-99-0010-706
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$437,400
Contacts
-
Seamus O'Brien -
Thor St John -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Smile Partners USA | 18757 Huron River Dr
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