Dental Care Alliance Sugar Land,Texas

$3,000,000
Property type:Single-Tenant Net Lease

The space

  • Price: $3,000,000
  • Cap Rate: 6.00%
  • Annual Rent: $180,000
  • Rentable Square Feet: 5,912
  • Land Area: 5,912 SF
  • Year Built: 2005
  • Lease Type: Double Net (NN)
  • Option Periods: 1, 5-Year Option
  • Rent Increases: 10% Every 5 Years

Description

1415 Highway 6
Sugar Land, TX 77478

Investment Highlights

  • Newly Signed, 10-Year Lease With One, Five-Year Tenant Renewal Option
  • Tenant has Operated From This Location Since 2007
  • 10 Percent Rent Increases Every Five Years Throughout Base Term of Lease and Option Period
  • Dental Care Alliance (DCA) was Founded in 1991 in Sarasota, FL anf Now Consists of Over 370 Allied Practices in 21 States
  • Over 775 Dentists, Including 275 Specialists and Experienced Rapid Growth in Hygienists, for a Total of More Than 4,800 Allies | One of the Largest Dental Support Organizations in the Country
  • Average Household Income is $161,956 in One Mile, and $165,332 in Three Miles | Population Over 244,000 Within Five Miles of Property, and Over 1 Million Within 10 Miles
  • Located on Highway 6 (Sugar Lakes Drive) With a Traffic Count of More Than 60,000 Vehicles Daily | Just Off Interstate 69, a Major Thoroughfare Connecting Sugar Land North to Houston, With Over 110,000 Vehicles Daily
  • Other Surrounding National Brands Include Walmart Supercenter, Sam’s Club, Costco Wholesale, Lowe’s, Whole Foods Market, Kroger, Best Buy, HomeGoods, Marshall’s, Ross, Old Navy, Five Below, Longhorn Steakhouse, Chili’s Grill & Bar, Benihana, BJ’s Restaurant & Brewhouse, Starbucks, Chick-fil-A, Chipotle, McDonald’s, Panera Bread, Walgreens, CVS, Hilton Garden Inn, Courtyard by Marriott Houston, Hyatt Place Houston, Chase Bank, Bank of America, Wells Fargo and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Dental Care Alliance in Sugarland, TX. This location offers a newly signed, 10-year lease with one, five-year tenant renewal option and 10 percent rent increases every five years throughout base term of lease and option period. The tenant has operated from this location since 2007.

Dental Care Alliance (DCA) was founded in 1991 in Sarasota, FL and now consists of over 370 allied practices in 21 states. DCA is one of the largest dental support organizations in the country, consisting of over 775 dentists, including 275 specialists and experienced rapid growth in hygienists, for a total of more than 4,800 allies. Dentistry is one of the largest industries in healthcare and grows by an average of 2.4% annually.

The Subject Property is located on Highway 6 (Sugar Lakes Drive) with a traffic count of more than 60,000 vehicles daily and just off Interstate 69, a major thoroughfare connecting Sugar Land north to Houston, with over 110,000 vehicles daily. The average household income is $161,956 within one mile, and $165,332 within three miles, with a population over 244,000 within five miles of property, and over 1 million within 10 miles.

DCA is sited just one mile from First Colony Mall, Anchored by Macy’s, Dillard’s, JCPenney, Dick’s Sporting Goods and Barnes & Noble, and within close proximity to three major hospital campuses. Other surrounding national brands include Walmart Supercenter, Sam’s Club, Costco Wholesale, Lowe’s, Whole Foods Market, Kroger, Best Buy, HomeGoods, Marshall’s, Ross, Old Navy, Five Below, Longhorn Steakhouse, Chili’s Grill & Bar, Benihana, BJ’s Restaurant & Brewhouse, Starbucks, Chick-fil-A, Chipotle, McDonald’s, Panera Bread, Walgreens, CVS, Hilton Garden Inn, Courtyard by Marriott Houston, Hyatt Place Houston, Chase Bank, Bank of America, Wells Fargo and many more.

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