111 E Main St
Mount Kisco, NY 10549
Dentistry and Orthodontics Portfolio · Retail Property For Sale · 12,216 SF Total

111 East Main Street, Mount Kisco & 22 North Division Street, Peekskill

Pediatric Dentistry & Orthodontics Medical Office Building Portfolio.
Asking $4,550,000 for the two building portfolio (Individual building pricing below)
12,600 Total SF
42,215 Total SF of property
Package Asking Price: $4,050,000
Blended Asking Cap Rate: 7%
Both properties have long term guaranteed NNN leases with a Private Equity pediatric dentistry and orthodontics practice, wholly owned by Planet Smile Partners, a leading dental service provider in the Northeast.
The properties have had significant buildout and building-wide improvements for the tenants as well as significant investment in major capital improvements in excess of $2 million dollars. Additionally, the buildings offer state-of-the-art dental equipment and modernized patient amenities.
111 EAST MAIN STREET, MOUNT KISCO
9,000 SF Freestanding Medical Building
40,500 SF Lot
Asking Price: $3,150,000
Cap Rate: 6.2%
Income: $260,145
Expenses:
Accounting: $2,750
Insurance: $10,770
RE Taxes: $49,032
NOI: $197,593

The property is a Three-story fully-renovated medical office building with 100’ of frontage in a prime downtown location, in the Village of Mount Kisco’s shopping and entertainment district. Planet Smile Partners is the primary tenant on the second and occupies the majority of space. The 2nd tenant, Rise Above Flotation, occupies 1,275 SF of retail space, with a separate entrance from the parking lot..
• On-site parking for 15 vehicles for the exclusive use of tenants and their
clients as well as ample metered street parking. There is a large Municipal parking lot for additional parking across the street, one block from the property (employee permits available).
• Located on Route 117 (Main Street), a high traffic retail corridor with 18,000 + vehicles daily, within walking distance to the Metro-North train station (1 hour commute to NYC) .
• The property is further enhanced by a new elevator, large floor to ceiling windows and new HVAC system, new roof, and new bathrooms throughout the building. The parking lot has recently been completely resurfaced. There is a large lobby with reception on the second floor with (6) treatment rooms and (10) dental chairs. There are (4) individual treatment rooms and (2) large open bay treatment rooms, with (3) chairs each, providing ample capacity for patient care. There is a laboratory and a modern x-ray facility on the second floor. The third floor has multiple private offices, full bathroom, a conference room, and kitchen/cafeteria.
22 NORTH DIVISION STREET, PEEKSKILL
3,600 SF Medical Building
1,715 SF Lot
Asking Price: $1,600,000
Cap Rate: 7%
Income: $120,000
Expenses:
Accounting: $900
Insurance: $3,418
NOI: $116,682
The property is a two-story medical office building located in the heart of downtown Peekskill, half a block off Main Street in the Shopping and Dining Arts District of Peekskill. Planet Smile Partners is the single NNN tenant in the building.
• The first floor features a spacious open reception area and (3) treatment rooms. The second floor includes an additional reception area, waiting area, laboratory space, (4) more treatment rooms, with modern x-ray facility, storage, and office suites.
• Located just 35 miles north of New York City, the location enjoys the buzz and activity of the downtown Arts District. There is a large municipal parking lot directly behind the building. The Peekskill Metro-North train station is approx. 1 mile away with access to NYC in just over one hour.
Please call or email for more information.
NDA required for detailed Income & Expenses, Rent Roll and Lease information.