3110 Sunnybrook Ct - Medical FOR SALE


Sioux City, IA 51106
$1,986,000 USD
206-826-5730
3110 Sunnybrook Ct, Sioux City, IA for Sale
$1,986,000 USD
Medical - FOR SALE
1/6
null | 7.25% Cap Rate

3110 Sunnybrook Ct
Sioux City, IA 51106


HIGHLIGHTS

  • 2012 Built to Suit on 1.04 Acre Parcel With Ample Parking – Located Just Off Hwy 75 (23,446 VPD
  • Extremely Passive NNN Lease w/ LL Responsibility Limited to Roof Maintenance (Metal Roof), Parking Lot Repairs (Only if Due to Settling) and Sructure
  • 12+ Years Continued Occupancy, Recent Early Lease Extension Executed by Tenant
  • Rapidly Growing Industry – Tooth Replacement Services Annual Growth Rate Projected at 7.16% Over Next 8 Years Due to Aging Population
  • Corporate Guarantee – Affordable Dentures & Implants Operate 400+ Locations Across 42 States
  • Dense Retail Corridor Featuring Lowe’s, Target, Hobby Lobby, Fleet Farm, Ulta Beauty, Panda Express, Starbucks and Sherwin Williams

OVERVIEW

Marcus and Millichap is proud to offer for sale fee simple ownership in the Affordable Dentures & Implants property located along Sunnybrook Court in Sioux City, Iowa. Affordable Dentures & Implants operate over 400 locations across 42 states and are a leading provider in tooth replacement services. The site was a build to suit for Affordable Dentures in 2012 and they’ve continuously operated since, most recently executing a lease extension through June 30th, 2030. The lease structure includes minimal landlord responsibilities and offers 5% rental increases every 5 years. The property is located conveniently one block off Highway 75 (23,446 VPD) in close proximity to Lowe’s, Target, Hobby Lobby, Fleet Farm, Ulta Beauty and Sherwin Williams. Household incomes exceed $100,000 within one mile of the subject property. Sioux City, Iowa is the fourth most populated city in the state and the county seat of Woodbury County. Sioux City serves as the regional hub for business, employment, retail, medical care, education and tourism. Top employers include Tyson Foods, Seaboard Triumph Foods UnityPoint Health and the National Guard’s 185th Air Refueling Wing.

FOR SALE DETAILS

PRICE

$1,986,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Affordable Dentures (Corp. Lease 400+ Units)

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C

APN/PARCEL ID

884709151014

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.