200 Wilshire BlvdRoswell, NM 88201

Property Details for 200 Wilshire Blvd

Property size (Sq ft)

4,500 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 4,500 square foot medical office building located at 200 Wilshire Blvd, Roswell, NM 88201. Currently 100% occupied by a well-established dental practice under a Net Net (NN) lease, this property offers a compelling 8.25% cap rate with a strong NOI of $67,500. The asking price is $818,182. The lease, with a tenant boasting 700+ locations across 40 states and backed by private equity, expires October 31, 2030, providing a remaining lease term of approximately 5.9 years. A 5-year option with a 5% rent bump is included, demonstrating the tenant's commitment to the location. The property benefits from minimal landlord responsibilities and a favorable Cost of Ownership Agreement (COA). This single-tenant, net-lease investment is ideal for passive income seekers. The tenant is a reputable dental practice with a proven track record. The property is situated in a desirable location with strong demographics, including favorable average household incomes within a three-mile radius. This is a rare opportunity to acquire a stable, high-performing asset in a growing market. The tenant's recent early renewal of the 5-year option further underscores the strength of this investment. The tenant's parent company, MB2 Dental, experienced record growth in 2023, adding 150 new partnerships and securing a $2.3 billion debt facility with KKR.

Location Insight

City

Roswell

County

Chaves

State

New Mexico

Latitude

33.4266

Longitude

-104.525

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