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Dove Family Dental 4283 Raleigh Millington Rd 3,224 SF Office Building Memphis, TN 38128 $1,248,000 ($387.10/SF) 7.75% Cap Rate
Investment Highlights
- Zero Landlord Responsibilities: Ensuring ease of management
- Long Standing Dental Practice: Established and experienced dental practice with a strong track record.
Executive Summary
Commitment: Brand new NN 10 yr lease with 3% annual escalations showing their commitment to the market and location. 2025 Renovation opening May 2025.
Strong Guarantor: MB2 Dental has 700+ locations, 40 states, private equity backed. In 2023, MB2 saw record growth with 150 new partnerships and secured a $2.3B debt facility with KKR for future growth and acquisitions.
Location: Conveniently located at the corner of Raleigh Millington Rd. & Egypt Central Rd. which boasts a combined traffic count of 24k+ VPD. The site is also walking distance to the 3 schools that serve the surrounding community (Egypt Elementary, Raleigh Egypt Middle, & Raleigh Egypt High School)
Strong Guarantor: MB2 Dental has 700+ locations, 40 states, private equity backed. In 2023, MB2 saw record growth with 150 new partnerships and secured a $2.3B debt facility with KKR for future growth and acquisitions.
Location: Conveniently located at the corner of Raleigh Millington Rd. & Egypt Central Rd. which boasts a combined traffic count of 24k+ VPD. The site is also walking distance to the 3 schools that serve the surrounding community (Egypt Elementary, Raleigh Egypt Middle, & Raleigh Egypt High School)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,224 SF
Building Class
B
Year Built
1992
Price
$1,248,000
Price Per SF
$387.10
Cap Rate
7.75%
NOI
$96,720
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,224 SF
Building FAR
0.17
Lot Size
0.44 AC
Zoning
CMU-1
Parking
16 Spaces (4.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Natural Light
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Property Taxes
| Parcel Number | 09-0032-0-0089 | Improvements Assessment | $101,280 |
| Land Assessment | $5,520 | Total Assessment | $106,800 |
Property Taxes
Parcel Number
09-0032-0-0089
Land Assessment
$5,520
Improvements Assessment
$101,280
Total Assessment
$106,800
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Dove Family Dental | 4283 Raleigh Millington Rd
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