310 Simmons Rd
Knoxville, TN 37922
Milledge & Westknoxville Dental · Flex Property For Sale
Investment Highlights
- MILLEDGE DENTAL PARTNERS | STRONG CORPORATE GUARANTY FROM TENNESSEE BASED DENTAL OPERATOR
- STRATEGIC CORPORATE SALE LEASEBACK | LONG-TERM SUCCESS OF LOCATION
- STRONG DEMOGRAPHICS | 121,000 RESIDENTS WITH AHHI OF $117,827 IN 5-MILE RADIUS
- 10-YEAR ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES
- IMPRESSIVE UNIT LEVEL SALES WITH HIGH SALES GROWTH: ONE OF THE TOP LOCATIONS IN MILLEDGE DENTAL PARTNERS SYSTEM
- STRATEGIC LOCATION WITH ACCESS TO LOVELL ROAD / HWY 131 (39,260 VPD)
Executive Summary
Faris Lee Investments is pleased to present the rare opportunity to acquire a recently renovated, absolute NNN dental condominium property in the booming metro of Knoxville, TN. The subject property is adjacent to the fifth most-frequently visited Power Center in the state of Tennessee, and surrounded by a growing community with more than 121,000 residents in a 5-mile radius. West Knoxville Dental Associates will commence a fresh 10-year lease with rare 2.00% annual rental increases occurring every year during the lease term. This dental property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for secure tenant. The dental industry is widely known for its stability and resistance to ecommerce trends, pandemics, and recessions. Milledge Dental Partners was founded by former dental professionals with a focus on improving dental practices in Tennessee. Now with nine locations in eastern Tennessee and additional acquisitions on the horizon, the company has impressed the dental service world with its ability to immediately increase revenue at every location acquired. The company’s services cover: Cosmetic Dentistry, General Dentistry, Prosthodontics, Orthodontics, Implants, Endodontics, X-Ray, Sleep Apnea, Emergency Dentistry, Therapeutic Botox, Conscious Sedation, and more. The subject dental property is strategically located with access to Lovell Road (39,260 VPD) and sits adjacent to the signalized intersection with Parkside Drive (13,920 VPD). The proximity to national retailers including Target, Costco, Publix, World Market, and PetSmart creates ease of access for the residents of the growing Knoxville community. Knoxville is well known for the University of Tennessee (38,000+ students) and has recently experienced an 83% increase in median home prices. Knox County has historically grown 2% every year since 1940, adding to the security this investment property / dental condominium opportunity provides.
Property Facts
