Brident Dental

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SINGLE TENANT NNN LEASED INVESTMENT

10% Rent Increase in July 2022

BRIDENT DENTAL & ORTHODONTICS Houston, TX

BLAKE D. FEDERINKO

MICHAEL A. JENKINS

KRISTIN M. ASHENFELTER

 360.823.5111

 360.823.5102

 360.823.5118

 Blake@MAJCRE.com

 Mike@MAJCRE.com

 Kristin@MAJCRE.com


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6727 NE Vancouver Mall Drive – Vancouver, WA

CONFIDENTIALITY DISCLAIMER This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.


TABLE OF CONTENTS Lease Summary

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Property Summary

6

Rent Roll

8

Operating Statement

9

Aerial

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Houston, TX

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Demographics

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Brident Dental I Houston, TX

MAJ COMMERCIAL REAL ESTATE MAJ Commercial Real Estate is pleased to present to the opportunity to acquire a Single Tenant Net Leased Investment located in Houston, TX. The property is leased to Brident Dental on an 11-Year initial lease term with approximately 6-Years remaining. The property was developed in 2017 in one of the busiest retail corridors in the Houston, TX marketplace. Brident Dental is ideally located on W Bellfort Ave which has a traffic count of +/-31,000 vehicles per day. Some of the surrounding businesses include HEB Grocer Store, Pollo Campero, Chase Bank, Planet Fitness, Advance Auto Parts, Walmart Neighborhood Market and much more.


Brident Dental I Houston, TX

Lease Summary PROPERTY ADDRESS: 7750 W Bellfort Ave., Houston, TX GUARANTOR: Premier Dental Holdings, Inc. OWNERSHIP TYPE: Fee Simple TERM: See Enclosed Rent Roll EXTENDED TERMS: 4, 5-Year Options LEASE TYPE: NNN LANDLORD RESPONSIBLE: Roof and Structure LEASE EXPIRATION DATE: January 31, 2028

LEASE GUARANTOR: Brident Dental & Orthodontics PARENT COMPANY: Premier Dental Holdings, Inc. HEADQUARTERS: California, United States WEBSITE: www.brident.com # Of Locations: 352

Brident Dental & Orthodontics provides a full range of dental services. Besides general dentistry, our services include dental implants and restorative crowns using the highest quality materials available, periodontics, endodontics, orthodontics and extractions. And, because of the importance of good oral hygiene in maintaining overall health, our office teams include trained dental hygienists who provide complete oral hygiene services. Brident Dental & Orthodontics, with 89 offices throughout Texas (including Crown Dental) is an affiliate of Western Dental, one of the nation’s largest dental providers and the leader in accessible, affordable oral healthcare, serving approximately 3 million patient visits annually in 343 affiliated offices throughout California, Texas, Arizona, Nevada and Alabama. In addition to general dentistry, Brident offers pediatric dentistry, orthodontics, oral surgery, periodontics and endodontics in its offices, creating a convenient full service “Dental Home.” All of Brident’s services are backed by a unique quality assurance system that electronically monitors all patient visits, treatments, dental staff and clinical performance to enable high-quality care.

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Brident Dental I Houston, TX

Property Summary ADDRESS

7750 W Bellfort Ave., Houston, TX

TENANT

Brident Dental & Orthodontics

LEASE TYPE

NNN

YEAR BUILT

2017

BUILDING SIZE

±4,312 SF

LAND SIZE

±38,712 SF

PARKING

±72 Spaces

Investment Highlights

 10% Rent Increase - July 2022

Income Tax Free State

High Barriers to Entry Market


Brident Dental I Houston, TX

$3,375,000 PRICE

5.75% CAP

Crown Dental in Houston Joins Brident Dental

CLICK HERE TO ENTER STREET VIEW

TAXES

12/07/2021 - 11:15 A.M. EST

TENANT RESPONSIBLE

Brident Dental & Orthodontics, an affiliate of Western Dental, one of the nation’s leaders in accessible, affordable oral healthcare and the leading orthodontics provider in the country, announced today Crown Dental and its nine offices in Texas are joining the Brident family.

INSURANCE

With the Crown Dental locations, Brident now has 33 offices in the Houston area and 89 in Texas, where the company has added 58 offices in recent years. Altogether, the Western Dental/Brident family has 352 offices in five states. “We are very pleased to welcome the patients, doctors and staff of Crown Dental to our Dental Home,” said Dr. Sylvia Lin, DDS, President of Brident DDS, P.C. (“Brident Dental”). “Our practices share a commitment to service, and we are already working together to expand access to high quality, affordable care in the greater Houston area. source: https://www.businesswire.com/news/home/20211207005841/en/CrownDental-in-Houston-Joins-Brident-Dental

TENANT RESPONSIBLE

CAMs

TENANT RESPONSIBLE

UTILITIES

TENANT RESPONSIBLE

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Brident Dental I Houston, TX

Rent Roll TERM

MONTHLY RENT

ANNUAL RENT

PSF

ADJUSTED CAP RATE

1-5

$16,170.00

$194,040.00

$45.00

5.75%

$17,787.00

$213,444.00

$49.50

6.32%

Option 1

$19,565.70

$234,788.40

$54.45

6.96%

Option 2

$21,522.27

$258,267.24

$59.90

7.65%

Option 3

$23,674.50

$284,094.00

$65.88

8.42%

Option 4

$26,041.95

$312,502.40

$72.47

9.26%

6-10 July 2022

+/- 6 YEARS REMAINING

 4, 5-YEAR OPTIONS

 NNN

Lease Type


Brident Dental I Houston, TX

LESS OPERATING EXPENSES CAMs

Tenant

Property Taxes

Tenant

Insurance

Tenant

TOTAL EXPENSES

$0.00

$194,040.00

NET OPERATING INCOME

5.75%

 $194,040.00 SCHEDULED INCOME

CAP

 $3,375,000 SALE PRICE

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Brident Dental I Houston, TX

16 T( S T

D) P 0V

,63

NE

N SO

S

BI

FONDREN RD (31,386 VPD)

S GESSNER RD (20,460 VPD)

SUBJECT PROPERTY

W BELLFORT AVE (31,000 VPD)

8 7,3 1 ( W AIRPORT BLVD

) PD V 7


Brident Dental I Houston, TX

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Aerial

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SUBJECT PROPERTY

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SUBJECT PROPERTY


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Brident Dental I Houston, TX

Houston, TX Houston is the most populous city in Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas (Dallas-Fort Worth is larger). Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. The city of Houston was founded by land investors on August 30, 1836, at the confluence of Buffalo Bayou and White Oak Bayou (a point now known as Allen’s Landing) and incorporated as a city on June 5, 1837. The city is named after former General Sam Houston, who was president of the Republic of Texas and had won Texas’s independence from Mexico at the Battle of San Jacinto 25 miles (40 km) east of Allen’s Landing. After briefly serving as the capital of the Texas Republic in the late 1830s, Houston grew steadily into a regional trading center for the remainder of the 19th century.


Brident Dental I Houston, TX

Demographics 

POPULATION

AVG HOUSEHOLD SIZE

30,653 167,989 473,934 1 mile

3 mile

2.72

5 mile

2.81

1 mile

3 mile

2.91 5 mile

MEDIAN AGE

AVG HOUSEHOLD INCOME

32.8 1 mile

33.3 3 mile

32.8

$57,662

5 mile

$69,495

1 mile

3 mile

$70,799 5 mile

BUSINESS 

TOTAL BUSINESSES

TOTAL EMPLOYEES

630 1 mile

5,858 3 mile

21,869

3,708

5 mile

1 mile

47,001 3 mile

117,094 5 mile

INCOME

$50,259.54

CONSUMER SPENDING (IN THOUSANDS)

 AVG HOUSEHOLD INCOME

$57,662 1 mile

$69,495 3 mile

$70,799 5 mile

$219,281 MEDIAN PROPERTY VALUE

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BRIDENT DENTAL HOUSTON, TX

EXCLUSIVELY MARKETED BY: BLAKE D. FEDERINKO  360.823.5111  Blake@MAJCRE.com

MICHAEL A. JENKINS  360.823.5102  Mike@MAJCRE.com

KRISTIN M. ASHENFELTER  360.823.5118  Kristin@MAJCRE.com