2-Pack - VT Dental Clinics - Roligo Dental_Property for Sale
2-Pack - VT Dental Clinics - Roligo Dental_Property for Sale
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2-Pack - VT Dental Clinics - Roligo Dental

Portfolio description

Jones Lang LaSalle Americas, Inc. is pleased to offer the sale of two Roligo Dental assets (“Roligo” or the “Tenant”) in Newport, VT and Rutland, VT. The Newport asset is a fee simple interest, while the Rutland asset is tenancy in common. Roligo is operating at these assets on net leases with limited landlord responsibilities, 3.0% annual rent bumps, and 8.6 years of remaining term.


Roligo Dental is a highly specialized dental support organization (DSO) that focuses on acquiring and partnering with multi-location dentistry groups aiming to expand, all while preserving their distinct brand identity and management autonomy. With a current portfolio of 17 clinics, Roligo Dental provides expertise and support in strategic growth and operational efficiency, enabling its partner practices to thrive and maintain their unique identity in the dental industry.


The assets are strategically positioned near local hospitals, drawing surrounding populations to the area for healthcare. Newport, VT is home to North Country Hospital, which employs 625 people across a multitude of specialties. In 2023, the hospital saw 53,810 patient encounters, including 15,018 emergency room visits. The Rutland, VT asset is adjacent to Rutland Regional Medical Center, a premier healthcare facility, is a 144-bed hospital with a dedicated workforce of over 1,800 professionals and support staff, including more than 240 providers specializing in over 40 different medical specialties. Serving not only Rutland County but also neighboring regions in southern and central Vermont, as well as communities in eastern New York State.


This Property presents an opportunity to acquire an essential healthcare asset leased on a long-term basis to a leading dental platform in strong healthcare markets. 

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Attributes

WAULT
8.6 years
Lease type
Net lease (N/NN/NNN)
Cap rate
8.15%
Asking price
€984,000
2-Pack - VT Dental Clinics - Roligo Dental (2 Properties)
2-Pack - VT Dental Clinics - Roligo Dental (2 Properties)

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Investment Highlights

  • Roligo is an established dental operator with limited local competition, operating 17 dental clinics across 2 states with a highly experienced staff.
  • The two assets are located on the East Coast in markets with a strong healthcare presence, attracting surrounding communities for medical treatment.
  • Newport, VT is home to North Country Hospital, generating over $93M in revenue and serving over 53K patients annually.
  • The Rutland, VT site is adjacent to Rutland Regional Medical Center, a 144-bed hospital staffed by 240 providers trained across 40 specialty areas.
  • The dental services industry is rapidly growing, with a projected 2x revenue growth by 2032 and an expected 7.2% compound annual growth rate (CAGR) through 2029.
  • The properties have long-term net leases with limited landlord responsibilities, 8.6 years remaining on the lease term, annual rent escalations of 3.0%, and two, five-year renewal options.
2-Pack - VT Dental Clinics - Roligo Dental 4_Property for Sale
2-Pack - VT Dental Clinics - Roligo Dental 4_Property for Sale

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Last updated
16 May 2024