Aspen Dental Net Leased Offering
Aspe Dental | Corporately Guaranteed | 6.14% CAP
Marketing description
The Kase Group is pleased to present the opportunity to acquire a single-tenant Aspen Dental property located in Bristol, Connecticut. The property is secured by a Double Net (NN) Lease, corporately guaranteed by Aspen Dental, with the current term expiring in December 2028 and no renewal options remaining. The lease features annual rent increases based on the Consumer Price Index (CPI). Aspen Dental has operated at this location since 1999, demonstrating long-term commitment to the site.
Strategically positioned along Farmington Avenue (US Route 6), the property benefits from excellent visibility and accessibility, with more than 26,300 vehicles per day passing the site. It is surrounded by a dense concentration of national and regional retailers including Walmart, Home Depot, ALDI, Stop & Shop, ShopRite, Price Chopper, TJ Maxx, Walgreens, CVS, AutoZone, Planet Fitness, Dunkin’, Starbucks, Panera, and Burger King, all contributing to consistent consumer traffic and retail synergy.
The property is situated in a market with a growing mix of healthcare, industrial, and commercial infrastructure. Major employers in the area include ESPN’s global headquarters, Otis Elevator Company, and Bauer Inc., all contributing to a stable employment base and daytime population. Healthcare providers such as Bristol Health (154 beds) and Hartford Hospital (867 beds) reinforce demand for dental and medical services. .
The surrounding area features strong demographics with over 63,000 residents within 3 miles and an average household income of $102,669.
In Association with ParaSell, LLC | A Licensed Connecticut Broker #REB.0792680
Investment highlights
Double Net Lease – Landlord Responsible for Roof & Structure
Long-Term Operating History – Occupied Site Since 1999
Corporate Guarantee by Aspen Dental
Annual Rent Increases Based on CPI
2024 CAM rec, mgmt. fee equal to 5% of base rent
Positioned on Farmington Avenue (US Route 6) – 26,300+ Vehicles Per Day
3-Mile Demographics – 63,000 Residents | $102,669 Avg. Household Income
Proximity to Major Healthcare Facilities: Bristol Health (154 beds) Hartford Hospital (867 beds)
Strong Market Fundamentals – Growing Healthcare, Industrial, and Commercial Base
Nearby Major Employers – ESPN, Otis Elevator, Bauer Inc.
Surrounded by National Retailers – Walmart, Home Depot, ALDI, ShopRite, TJ Maxx, Stop & Shop, Walgreens, CVS, Planet Fitness, AutoZone, Dunkin’, Starbucks, Panera, and more
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