January 6, 2022 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of St. John Dental Group in St. John, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,250,000.
St. John Dental Group is located at 10895 Park Place in St. John, Indiana. St. John Dental Group has 8 years remaining on their double net lease with two (2), 5-year renewal options. The Lease features 3% annual increases beginning in year 6 and continuing throughout each of their renewal options. St. John Dental Group’s lease is guaranteed by P1 Dental Partners. P1 Dental Partners expands by acquiring existing dental practices that are already successful and established within the community, allowing them to quickly grow their footprint throughout Indiana. The property is well located at the signalized intersection of Park Place Drive and W 109th Avenue (US Route 231), the area’s primary commuter corridor. The Property is positioned in a rapidly expanding market, with new construction residential communities surrounding the Property. St. John has seen outstanding population growth with a 28% increase in residents between 2010 and 2020. Additionally, the property benefits from strong demographics with the 1, 3, and 5-mile demographics all featuring average household incomes above $100,000.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.