Listed by APEX Commercial Real Estate Advisors
$2,488,320
Aspen Dental - Mount Pleasant, MI
Details
APN 14-026-10-011-01
Property Type Office, Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 4,000
Net Rentable (SqFt) 4,000
Cap Rate 6.25%
NOI $155,520
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental
Lease Type NN
Lease Term 10
Lease Expiration 04/30/2029
Remaining Term 2.9
Rent Bumps Yes
Lease Options Three, Five Years
Price per SqFt $622
Year Built 2019
Acreage 0.550
Zoning B-4
Investment Type Stabilized
Lease Commencement 04/22/2019
Occupancy Date 04/22/2019
Ownership Fee Simple
Aspen Dental - Target Outlot | 6.25% CAP | 4,000 SF
Investment highlights
Single Tenant Aspen Dental with 3+ Years Remaining
Pad Site to Target Located on the NE Corner of US Highway 127 & E Blue Grass Rd – An Intersection that sees Over 46,000+ Vehicles per Day
Aspen Dental Has Over 1,100 Locations Nationally & Rapidly Growing Nation Wide
Adjacent to Central Michigan University – a Public Division-1 University with Over 14,000 Students Enrolled
Surrounding National Retailers Include Walmart Supercenter, Sam’s Club, Big Lots, PetSmart, ALDI, Kohl’s, Menards, Goodwill, DICK’s, Sally Beauty, T.J. Maxx, Hobby Lobby, Staples, Panera Bread, 7- Eleven, Starbucks, Chipotle & Many Others
Listing Contacts
Listed by APEX Commercial Real Estate Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$155,520.00
$12,960.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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