California Two Property Self Storage Portfolio
US - Alameda,Rocklin
175,151 sf
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.