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Views: 38 DOM: 59 Updated: 07.09.24 Posted: 05.14.24 Status: Active

Summary

Price $3,504,000
Built/Renov 2024
Tenant Pacific Dental Services
Cap Rate 5.65%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 4,000
Lease Start 08-01-2024
#Units 58
Price/SF $876.00
Expiration 07-31-2034
Tenant Type Bank/Financial
NOI $198,000
R. Term 10.0
Ownership Fee Simple
Rent/SF $49.50
Increases 10.0%/5/yrs
Pop 5Mi 141,858
Lot/AC 0.00
Options 3/5yrs/10%
AHHI 5Mi $99,479

Lease Highlights

  • Brand new 2024 construction featuring high-quality materials, high-level finishes & distinct design elements
  • Brand new 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Pacific Dental Services is strategically located at the signalized, hard corner intersection of Narcoossee Road and McCoy Road, with access to a combined daily traffic count of 32,200 vehicles. The property serves as an outparcel to the upcoming Encore at Narcoossee multi-family development, currently under construction (249 units). Surrounding developments, such as Eagle Lake, Selene, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) is a holding company, and its primary operating subsidiary, Pacific Premier Bank is a state-chartered financial institution, and one of the...


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Listing Broker

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