Description

Well-located free-standing dental office near downtown McMinnville, OR. The building has been a long-term dental office, and the current dentist commenced their 10-year lease in March of 2018 (original practice dates back to 1981). Starting March 1, 2024, the monthly rent will increase to $3,582.15 plus NNN. The lease states the rent increases annually at a negotiable increase but in no event less than 3% and no more than 5%. The tenant can renew the lease for an additional five years (at the then-market rates) by providing at most 180 days prior written notice but at least 90 days prior written notice.