Modified Gross Medical Asset

Mondovi Dental | Fall River, MA

Sands Investment Group is Pleased to Present For Sale the Modified Gross Medical Asset Located in Fall River, Massachusetts. The Deal Includes 1,864 SF Leased to Mondovi and 1,654 SF Are on Below Market Month to Month Leases.

  • 2% Annual Rent Escalations
  • Two Upstairs Tenants on Month-to-Month Leases at Below Market Rates
  • Mondovi Dental (~46 Locations) is a Corporate Subsidiary of Smile Brands (700 Locations)
  • Tenant Currently Open and Paying Rent; Tenant Did Not Miss Any Rental Payments During COVID
  • Building Includes a 1,654 SF Basement That is Used as a Storage and Breakroom By Mondovi
  • Under 15 Minutes to Both Roger Williams University and University of Massachusetts Dartmouth
  • Located Just Off Fall River Expressway Which Sees Traffic Counts of 68,367 VPD
  • Just 1-Mile From the Tiverton Casino Hotel – a 33,600 SF Casino Which Has More Than 1,000 Gaming Machines, 32 Table Games, 5 Restaurants, 2 Bars and an 84-Room Hotel
  • Strategically Located With Over 83,339 Residents Making an Average Household Income of $59,541 Within a 3-Mile Radius
  • Fall River is the 10th Largest City in the State and Located Along the Eastern Shore of Mount Hope Bay; It Has the World’s Largest Collection of WWII Naval Vessels
  • Providence, RI and the Rhode Island TF Green International Airport Are Both 30 Minutes Away
  • Nearby Tenants Include: T.J. Maxx, PetSmart, Ulta Beauty, Burger King, Starbucks, ALDI, Burlington, CVS Pharmacy and Denny’s

In Cooperation With ParaSell, Inc., A Licensed Massachusetts Broker Lic. # 423311-RE-C BoR: Scott Reid – Lic. # 423311-RE-C

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities