Mercy Dental | Absolute NNN Lease

Highlights:

• Brand-New Absolute NNN Lease – 10-year lease with tenant responsible for all expenses, including vacancy CAM; 2% annual increases baked in.
• Strong Tenant Guarantee – Backed by Mercy Dental Group, a Wisconsin-based operator with 10 established clinics across the region.
• Value-Add Upside – ±6,700 SF on the 2nd and 3rd floors available for lease-up (medical/professional) or adaptive reuse (multifamily).
• Recent Capital Investment – $130,000 new roof, reducing near-term capital needs.
• Proximity to Madison MSA – Convenient access via US-51/WI-138; strong long-term patient and labor demand drivers.
• Attractive Demographics – 19,681 residents within 5 miles with $113,759 average household income.

Description:

Mid-America Real Estate – Wisconsin is pleased to present the opportunity to acquire Mercy Dental, an absolute NNN dental clinic located at 101 W Main Street, Stoughton, WI (Madison MSA).

The property features a 10-year lease with 2% annual rental increases, guaranteed by Mercy Dental Group, a well-established and growing family-owned dental network operating 10 clinics across south-central Wisconsin. This investment offers a secure, zero-landlord-responsibility income stream with long-term durability.

Strategically positioned at the high-visibility corner of W Main Street and S Division Street in Stoughton’s walkable historic downtown, the property benefits from strong demographics, excellent access to Madison’s labor and patient base, and continued city-backed redevelopment efforts.

In addition to stable day-one cash flow, the ±6,700 SF on the upper floors provides free value-add upside through lease-up to complementary medical/professional tenants or conversion to multifamily residential units—unlocking future NOI growth without compromising the existing base income.

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