Grove Dental Group - Wyomissing, PA

Jones Lang LaSalle Americas, Inc. is pleased to offer the sale of the Grove Dental Group property, a Dental365 (the “Tenant”) dentist practice. The Property is located at 2228 State Hill Rd, Wyomissing, PA, strategically situated in a thriving healthcare and retail corridor. Dental365 is a leading dental service organization operating over 150 general and specialty clinics across six Northeast states, recognized as one of the fastest-growing private companies in the region. The Tenant provides a full spectrum of dental services under a dentist-led structure, ensuring clinical excellence and operational efficiency.

This asset, featuring a recently executed 7-year lease with 2.5% annual rent escalations, presents a stable and attractive investment opportunity. It is strategically positioned near the Reading Hospital, a 697-bed healthcare facility that employs over 2,000 providers and 4,000 additional staff across various specialties. The hospital is a significant economic driver in the area, generating $4.0 billion in total revenue and contributing substantially to the region's healthcare and economic growth.

The property benefits from its location in a bustling retail hub adjacent to national retailers such as Walmart, T.J. Maxx, Home Depot, and Best Buy, which attract substantial foot traffic and enhance visibility. Additionally, the surrounding area boasts a median household income of $113K, indicating a strong local economic base and a prosperous community that can sustain and support a robust dental services market.