For Sale
$730,952

201 Van Gundy Dr Bryan, OH 43506

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 6,848 square foot medical office building located at 201 Van Gundy Dr, Bryan, OH 43506. The property boasts a strong 9.75% cap rate and a substantial net operating income (NOI) of $71,268. Built in 1984, the building is currently leased to Smile Doctors & Specialty Partners, a leading dental support organization with over 450 locations nationwide. The lease has a remaining term of 4.8 years, featuring built-in annual rent bumps of 2%, providing excellent protection against inflation and a steady increase in cash flow. Smile Doctors' recent acquisition of the practice in 2023 demonstrates their long-term commitment to this location, minimizing vacancy risk. The tenant's established presence and the high cost of relocation for dental practices further solidify the investment's stability. This property offers a compelling combination of a strong tenant, attractive cap rate, and predictable income growth, making it an ideal addition to any investment portfolio. The asking price is $730,952. The market for dental support organizations is experiencing significant growth, with a 40% increase in market share between 2017 and 2020. This trend underscores the long-term viability of this investment. This is a low-barrier-to-entry investment opportunity due to its attractive price point and high return.

Property Details for 201 Van Gundy Dr

Property type
Office properties, Medical offices
Square Feet
6,848 SF
Year Built
1984

Location Insight

City
Bryan
County
Williams
State
Ohio
Latitude
41.4755241
Longitude
-84.5720888

FAQs

What type of property is this?
Office property - High-yield medical office, strong tenant.
Where is the office property located?
The property is located at 201 Van Gundy Dr Bryan, OH.
What is the asking price?
The asking price for this property is $730,952.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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201 Van Gundy Dr
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