For Sale
$789,706

7197 Highbridge RdFayetteville, NY 13066

High-yield medical office investment.

Overview

Added:
Dec 11, 2024
Days on market:
98
This 6,800 square foot medical office building in Fayetteville, NY, presents a compelling investment opportunity. Located at 7197 Highbridge Rd, this 100% occupied property boasts a strong 10.75% cap rate and a substantial NOI of $84,893. The building, constructed in 1980 and situated on a 2.78-acre lot, is currently leased to MB2, a highly reputable dental support organization with over 750 locations nationwide. The lease has approximately 1.9 years remaining, with built-in 2% annual rental increases, offering protection against inflation and potential for future rental rate adjustments upon lease expiration. This presents a low barrier to entry for investors seeking a high return on investment, given the attractive asking price of $789,706. MB2's established presence and minimal relocation likelihood due to high build-out costs and patient retention challenges further enhance the investment's stability and long-term potential. The streamlined expansion strategy of MB2, focused on acquiring existing practices, contributes to the property's enduring value. This is a rare opportunity to acquire a well-located, high-performing medical office building with a strong tenant and significant upside potential.

Highlights

  • High barrier to entry for investors due to attractive price and high return.
  • MB2, a premier healthcare tenant with 750+ locations nationwide, occupies the entire building.
  • Lease expiration in under two years presents a value-add opportunity to increase rental rates.
  • MB2's acquisition-based expansion strategy ensures tenant stability.
  • Built-in 2% annual rental increases offer inflation protection and future income growth.
  • Tenant relocation is unlikely due to high build-out costs and patient retention challenges.

Property Details for 7197 Highbridge Rd

Property type
Other office properties, Medical offices
Square Feet
6,800 SF
Year Built
1980
Lot Size (sq. ft)
121,097 SF

Location Insight

City
Fayetteville
County
Onondaga
State
New York
Latitude
43.0197678
Longitude
-76.0231702
7197 Highbridge Rd, Fayetteville, New York

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7197 Highbridge Rd
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