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3521 W Owen K Garriott Rd, Enid, OK, 73703

Aspen Dental
$1,567,000

Key Information

Cap Rate
7.27%
Tot. SF
3,253
Lot Size
1.5 Acres
Year Built
2013
Term Remaining
±7.7 YRS
Type
Healthcare
Occupancy
100%
NOI
$113,855

Highlights

  • Recent Lease Renewal – The tenant has recently executed a lease renewal, reinforcing its long-term commitment to the location and reducing near-term rollover risk.
  • Build-to-Suit Construction – Purpose-built facility designed specifically for the tenant’s operational needs, enhancing functionality and tenant retention.
  • Corporate Guarantee – Lease is corporately guaranteed by Aspen Dental Management, Inc., a national operator with 1,100+ locations, providing institutional-grade credit support.
  • Strong Traffic Exposure – The property benefits from traffic counts of approximately ±21,600 vehicles per day, supporting strong visibility and accessibility.
  • Scheduled Rental Increases – Lease features 10% rental escalations every five years, providing predictable income growth and an inflation hedge throughout the term.
  • Passive investment – (Absolute NNN – landlord not responsible for taxes, insurance, CAM, etc.)
  • Oversized lot – 1.50-acres
  • 10% rent increase in ±2.7 years – bringing cap rate to 8.00%

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 180759, 180760 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203