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Pearl Street Dental

Marshall, Texas

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NNN Pro Group is pleased to present the exclusive listing for a Pearl Street Dental located at 100 Forest Terrace in Marshall, Texas. The site consists of roughly 3,903 rentable square feet of building space on estimated 0.30-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 $125,000 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:
$2,608,696
Cap Rate:
5.75%
Annual Rent:
$150,000
Address:
100 Forest Terrace, Marshall, Texas 75670
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:
0.30 Acres
Building Size:
3,903 SF
Tenant:
Pearl Street Dental

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Francis Purritano

License: 10401333619

Natalie Raum


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