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31536162

1930 N Main St, Suffolk, VA 23434

BH
CA 01091898
Commercial Retail Associates
Listed by Commercial Retail Associates
$2,646,875
63 days on market
Updated 63 days ago

Aspen Dental NNN Investment - Suffolk, VA

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 3,500
Net Rentable (SqFt) 3,500
Cap Rate 6.4%
NOI $169,400
Occupancy 100%
Brand/Tenant Aspen Dental
Lease Term 10
Lease Expiration 08/31/2030
Remaining Term 4.2
Price per SqFt $756
Broker Co-Op Yes
Year Built 2019-2020
Buildings 1
Stories 1
Acreage 0.470
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/20/2020

Office | 6.40% CAP | 3,500 SqFt

Marketing description

ASPEN DENTAL: Aspen Dental operates over 1,100 locations in 45 States and is the fastest growing network of independently owned dental practices in the United States.

LOCATION: Located along U.S Route 460/North Main Street within a primary retail Hub with a traffic count of approximately 24,000 VPD.

IMMEDIATE TRADE AREA: The immediate trade area has over 750,000 sf of retail and destination draws including Aldi, Dunkin, Wal-Mart, Lowes Home Improvement, Food Lion, Auto Zone and more. Also in close proximity are over 250 New Apartment units and the Sentara Obici Hospital.

BUILDING: The 3,500 sf building was constructed in 2020 and sites on a separate legal parcel of 0.47 acres.

DEMOGRAPHIC: Density Population in a 5 Mile radius is 52,521 with a high income of $105,286.

LEASE: Original Lease term of 10 Years with 4 years remaining. Tenant has three (3) Five (5) year Options with 10% increases

Listing Contacts

BH
CA 01091898
Commercial Retail Associates
Listed by Commercial Retail Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$169,400.00
$14,116.67/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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