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%