For Sale
$659,046

1730 7Th StWisconsin Rapids, WI 54494

High-return medical office investment.

Overview

Added:
Dec 11, 2024
Days on market:
125
This fee-simple medical office building in Wisconsin Rapids, WI, presents a compelling investment opportunity. The 8,788 square-foot property, built in 1982 and situated on a 0.88-acre lot at 1730 7th St S, 54494, boasts 100% occupancy with a strong, long-term tenant: Midwest Dental, an affiliate of Smile Brands, a large dental support organization with over 700 locations nationwide. Midwest Dental recently exercised a lease extension, securing their presence for 4.2 years. The property offers a compelling 9.50% cap rate and a net operating income (NOI) of $62,609, with an asking price of $659,046 ($74.99/sq ft). Its prime location across from national retailers like Pizza Hut, Jimmy John's, Dunkin', and McDonald's ensures high visibility and accessibility. The tenant's established presence and the growing dental support organization market make this a low-barrier-to-entry investment with significant potential for long-term returns. The property is classified as Medical Office, Executive Office, and Creative Office, offering versatility. This is an exceptional opportunity to acquire a stable, high-performing asset in a desirable location.

Highlights

  • High tenant retention due to high relocation costs for dental support organizations (DSOs).
  • Strong DSO market growth; 40% increase in DSO-affiliated dental practices between 2017 and 2020.
  • Recent 5-year lease extension demonstrates tenant commitment.
  • Excellent retail location across from national brands.
  • Midwest Dental is a Smile Brands affiliate, a large DSO with over 700 locations nationwide.
  • Attractive price point and strong return on investment.

Property Details for 1730 7Th St

Property type
Office properties, Office space
Year Built
1982
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Wisconsin Rapids
County
Wood
State
Wisconsin
Latitude
44.3791692
Longitude
-89.818833
1730 7Th St, Wisconsin Rapids, Wisconsin

FAQs

What type of property is this?
Office property - High-return medical office investment.
Where is the office property located?
The property is located at 1730 7Th St Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $659,046.
What are key features of this property?
This property features: High tenant retention due to high relocation costs for dental support organizations (DSOs).; Strong DSO market growth; 40% increase in DSO-affiliated dental practices between 2017 and 2020.; Recent 5-year lease extension demonstrates tenant commitment.
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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1730 7Th St
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