For Sale
$2,500,000

2067 Anderson RdDavis, CA 95616

High-yield, 15-year NNN dental lease. Excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A medical office building, totaling 3,456 square feet, presents a compelling investment opportunity. Located at 2067 Anderson Rd, Davis, CA 95616, this property is currently 100% occupied by American Dental Companies under a 15-year absolute NNN lease expiring July 31, 2039, offering a substantial remaining lease term of 14.7 years. The lease includes a 2% annual rent increase, providing inflation protection. The property boasts a strong NOI of $150,000, resulting in a 6.00% cap rate and a price per square foot of $723.38. Built in 1983 and renovated in 2022, the building benefits from a corporate guaranty from American Dental Companies, a rapidly expanding organization with over 55 locations nationwide. The property's strategic location within a thriving retail corridor near Sutter Davis Hospital and UC Davis, coupled with robust local demographics (average household income $114,850 within a 5-mile radius), ensures consistent demand and long-term value. This fee-simple ownership offers a passive investment ideal for a 1031 exchange, with zero landlord responsibilities. The tenant, recognized as "Best Dentist in Yolo County" for two decades, operates in a rapidly growing dental services market projected to reach $254.09 billion by 2032. This investment offers exceptional stability and growth potential in a prime California location.

Property Details for 2067 Anderson Rd

Property type
Office properties, Medical offices
Square Feet
3,456 SF
Class
A
Year Built
1983

Location Insight

City
Davis
County
Yolo
State
California
Latitude
38.5618914
Longitude
-121.7588472
2067 Anderson Rd, Davis, California

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2067 Anderson Rd
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