Listed by Alrig USA
$2,288,446
Aspen Dental
Details
Property Type Retail
Sub Type Dental
Square Footage 3,500
Units 1
Cap Rate 6.5%
NOI $148,749
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental
Lease Type NN+
Lease Term 10
Lease Expiration 08/31/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2026
Buildings 1
Stories 1
Acreage 1.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2026
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 6.50% CAP | 3,500 SqFt
Marketing description
Alrig USA (owner and developer) is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, single tenant, corporate guaranteed Aspen Dental investment property located in Niles, Michigan. Aspen Dental recently signed a brand new 10-year lease with Three (5-year) options to extend, demonstrating their long-term commitment to the site. The Aspen Dental lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Listing Contacts
Listed by Alrig USA
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$148,749.00
$12,395.75/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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