Milledge Dental Partners & Westknoxville Dental Associates

Highlights:

• WEST KNOXVILLE DENTAL ASSCOCIATES DENTAL CONDOMINUM PROPERTY IN TENNESSEE
• CORPORATE GAURANTEE FROM MILLEDGE DENTAL PARTNERS
• ABSOLUTE NNN LEASE: ULTIMATE EASE OF MANAGEMENT FOR INVESTOR
• STRONG UNIT LEVEL SALES AND GROWTH PROJECTIONS: ONE OF THE TOP LOCATIONS IN MILLEDGE DENTAL PARTNERS SYSTEM
• LONG TERM LEASE WITH (10%) INCREASES EVERY 5 YEARS
• STRATEGIC LOCATION WITH ACCESS TO LOVELL ROAD / HWY 131 (39,260 VPD)
• PROXIMATE TO THE PINNACLE AT TURKEY CREEK ‘POWER CENTER’ & COMMUNITY DRIVERS
• IMPRESSIVE DEMOGRAPHICS & RESIDENTIAL PROJECTS SURROUNDING SUBJECT PROPERTY

Description:

TENNESSEE BROKER OF RECORD..... ELAM FREEMAN .... License No.: 264792

Faris Lee Investments is pleased to present the rare opportunity to acquire a recently renovated, absolute NNN dental condominium property in the booming metro of Knoxville, TN. The subject property is adjacent to the fifth most-frequently visited Power Center in the state of Tennessee, and surrounded by a growing community with more than 121,000 residents in a 5-mile radius. West Knoxville Dental Associates will commence a fresh 10-year lease with rare 2.00% annual rental increases occurring every year during the lease term. This dental property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for secure tenant. The dental industry is widely known for its stability and resistance to ecommerce trends, pandemics, and recessions.
Milledge Dental Partners was founded by former dental professionals with a focus on improving dental practices in Tennessee. Now with nine locations in eastern Tennessee and additional acquisitions on the horizon, the company has impressed the dental service world with its ability to immediately increase revenue at every location acquired. The company’s services cover: Cosmetic Dentistry, General Dentistry, Prosthodontics, Orthodontics, Implants, Endodontics, X-Ray, Sleep Apnea, Emergency Dentistry, Therapeutic Botox, Conscious Sedation, and more.
The subject dental property is strategically located with access to Lovell Road (39,260 VPD) and sits adjacent to the signalized intersection with Parkside Drive (13,920 VPD). The proximity to national retailers including Target, Costco, Publix, World Market, and PetSmart creates ease of access for the residents of the growing Knoxville community. Knoxville is well known for the University of Tennessee (38,000+ students) and has recently experienced an 83% increase in median home prices. Knox County has historically grown 2% every year since 1940, adding to the security this investment property / dental condominium opportunity provides.

Knoxville, Tennessee, is a dynamic city nestled in the foothills of the Great Smoky Mountains, offering a mix of historic charm, outdoor adventure, and modern urban development. As the third-largest city in Tennessee, Knoxville serves as a cultural and economic hub, home to the University of Tennessee, which significantly influences the city’s vibrant atmosphere. The downtown area is rich in historic architecture, thriving local businesses, and entertainment venues such as the Tennessee Theatre and Market Square, making it a focal point for residents and visitors alike. The city’s strong ties to both the arts and sports—particularly through UT’s passionate fan base for the Tennessee Volunteers—add to its lively character.
Beyond the downtown core, Knoxville’s diverse neighborhoods offer a variety of lifestyles. South Knoxville, or “SoKno,” is known for its outdoor recreation, with access to the Knoxville Urban Wilderness, a network of trails, lakes, and parks. West Knoxville features a more suburban environment with shopping centers, restaurants, and residential communities, while East Knoxville showcases cultural landmarks such as Zoo Knoxville and the Knoxville Botanical Garden. The city’s economy is fueled by industries such as energy, manufacturing, and technology, with major employers including the Tennessee Valley Authority and Oak Ridge National Laboratory. With its blend of rich history, modern amenities, and abundant natural beauty, Knoxville offers a well-balanced quality of life for residents and an inviting experience for visitors.