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Smiles In Motion and Kristo Orthodontics 840 Bear Paw Ave 7,130 SF Office Building Rice Lake, WI 54868 $2,539,476 CAD ($356.17 CAD/SF) 7.02% Cap Rate
Investment Highlights
- 7.00% Cap Rate | Absolute Triple Net (NNN) Investment with zero landlord responsibilities, delivering truly passive ownership.
- Modern Medical/Dental Facility constructed in 2018, purpose-built for healthcare use with contemporary finishes and minimal future capital needs.
- Premier Rice Lake Healthcare Location surrounded by established medical & professional users, providing excellent long-term real estate fundamentals.
- Long-Term Medical Tenant occupied by Smiles in Motion Pediatric Dentistry & Kristo Orthodontics, with lease secured through May 31, 2031.
- Stable Investment Property featuring an absolute NNN lease structure.
- Turn-Key Net Lease Opportunity combining medical, dental, NNN, investment property, passive income, and long-term lease attributes.
Executive Summary
Investment Opportunity | 840 Bear Paw Avenue | Rice Lake, WI
Positioned in one of Rice Lake’s premier medical corridors, 840 Bear Paw Avenue presents an exceptional opportunity to acquire a newer construction, single-tenant Absolute-NNN leased investment backed by a long-term healthcare tenant. Constructed in 2018, this purpose-built medical facility is home to Smiles in Motion Pediatric Dentistry and Kristo Orthodontics, two well-established providers serving the greater northwest Wisconsin market.
The property is offered at an attractive 7.00% capitalization rate and is secured by a lease running through May 31, 2031, with two (2) additional five-year renewal options, providing investors with long-term income stability and future upside. The lease is structured as an absolute triple net (NNN) lease, creating a truly passive investment with zero landlord responsibilities for taxes, insurance, maintenance, or capital expenditures.
With modern construction, a mission-critical healthcare use, and a highly desirable lease structure, this asset offers the ideal combination of dependable cash flow, zero landlord responsibilities, and long-term security. Opportunities to acquire newer medical properties with absolute NNN leases are increasingly rare, making 840 Bear Paw Avenue an outstanding addition to any investment portfolio.
Positioned in one of Rice Lake’s premier medical corridors, 840 Bear Paw Avenue presents an exceptional opportunity to acquire a newer construction, single-tenant Absolute-NNN leased investment backed by a long-term healthcare tenant. Constructed in 2018, this purpose-built medical facility is home to Smiles in Motion Pediatric Dentistry and Kristo Orthodontics, two well-established providers serving the greater northwest Wisconsin market.
The property is offered at an attractive 7.00% capitalization rate and is secured by a lease running through May 31, 2031, with two (2) additional five-year renewal options, providing investors with long-term income stability and future upside. The lease is structured as an absolute triple net (NNN) lease, creating a truly passive investment with zero landlord responsibilities for taxes, insurance, maintenance, or capital expenditures.
With modern construction, a mission-critical healthcare use, and a highly desirable lease structure, this asset offers the ideal combination of dependable cash flow, zero landlord responsibilities, and long-term security. Opportunities to acquire newer medical properties with absolute NNN leases are increasingly rare, making 840 Bear Paw Avenue an outstanding addition to any investment portfolio.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
7,130 SF
Building Class
C
Year Built
2018
Price
$2,539,476 CAD
Price Per SF
$356.17 CAD
Cap Rate
7.02%
NOI
$178,173 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,130 SF
Building FAR
0.15
Lot Size
1.06 AC
Opportunity Zone
Yes
Parking
45 Spaces (6.31 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
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Smiles In Motion and Kristo Orthodontics | 840 Bear Paw Ave
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