200 Wilshire Blvd Roswell, NM 88201

Property Details for 200 Wilshire Blvd

Property size

4,500 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

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

Longitude

-104.525

Latitude

33.4266