Pearl Street Dental

Flint, Texas

NNN Pro Group is pleased to present the exclusive listing for a Pearl Street Dental located at 17159 FM 2493 in Flint, Texas. The site consists of roughly 3,857 rentable square feet of building space on estimated 2.53-acre parcel of land. This Pearl Street Dental is subject to a 15-year absolute triple-net (NNN) lease, which commenced May 15th, 2019. The current annual rent is $150,000 and is scheduled to increase by 1.75% throughout the base term and in each of the 6, 5-year renewal options.

About the Investment:

Long-Term, 15-Year Absolute Triple Net (NNN) Lease
Approximately 11.5 Years Remaining
1.75% Rental Increases Occurring Annually
Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years

Key Details

Price:: $2,307,692
Cap Rate:: 6.50%
Annual Rent:: $150,000
Address:: 17159 FM 2493, Flint, Texas 75762
Property Type:: Net-Leased Dental
Lease Type:: Triple Net (NNN)

Original Lease Term:: 15 Years
Lease Commencement:: May 15, 2019
Lease Expiration:: May 31, 2034
Lease Term Remaining:: 11.3 Years
Rental Increases:: 1.75 Annually
Lot Size:: 2.53 Acres
Building Size:: 3,857 SF
Year Built:: 2008
Tenant:: Pearl Street Dental

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Francis Purritano

fpurritano@nnnpro.com

License: 10401333619

Walker Stevens

wstevens@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472

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