Absolute NNN master lease with market dominant Racine Dental Group that includes both corporate and personal guarantees…priced at a 9 cap!
This is an unbelievable opportunity for a 1031 replacement property.
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This multi-tenant dental building is anchored by Racine Dental Group. It’s estimated that RDG has 84% share of the dental services market within a 10 mile radius. RDG has 65,000 active patients and annual revenue of approx. $20M.
This location, one of RDG’s two Wisconsin locations, acts as a supplementary and strategically important location for surgery services and administrative support functions.
RDG has a 10 Year Absolute NNN Master Lease that is fully corporate guaranteed. The 10 year master lease includes 2% biannual increases with no landlord responsibilities whatsoever.
Green Bay Professional Plaza, as the building is known, is also home to iDental and SE Wisconsin Endodontic Associates.
You won’t find a better location in Racine County.
This dental property measures 35,640 square feet and sits on 3.8 acres. The property enjoys more than ample parking with 6+ spots per 1000 SF.
The property is located on the path of growth on Hwy 20 in Racine County. This is a lucrative location with new and planned development surrounding the property. For these reasons, the location could not be any better positioned for long term value appreciation.
The building is located on one of the area’s busiest corners – the intersection of Hwy 20 and Hwy 31/South Green Bay Road in Racine.
Hwy 20 is main East-West arterial that connects I-94 and the City of Racine. Hwy 20 is experiencing a new development boom and is the location of choice for national retailers in Racine County. Traffic counts near the building are 28,900 vehicles per day.
Hwy 31/South Green Bay Road is a main North-South state highway which connects Racine to Kenosha. Traffic counts near the building on this road are 30,400 vehicles per day.
- Price: 2,249,000
- Phone Number: 414-324-4938