1653 E Stone Dr #1647, Kingsport, TN 37660

Aspen Dental Corporate Net Lease Investment

TCI Group is pleased to present the opportunity to acquire the fee simple interest in an Aspen Dental corporate net-lease investment located along the highly trafficked East Stone Drive retail corridor in Kingsport, Tennessee. The offering delivers a 6.25% capitalization rate supported by a new long-term corporate lease and stable healthcare tenancy.

The Property is leased to Aspen Dental Management, Inc., one of the nation’s largest and fastest-growing dental service organizations, operating hundreds of locations across the United States. The tenant recently executed a new 5-year corporate NN lease commencing January 1, 2026, providing investors with immediate income stability and contractual rent growth.

Constructed in 1999 specifically to Aspen Dental’s operational specifications, the 3,995-square-foot freestanding medical office building has demonstrated exceptional tenant performance, having been continuously occupied by Aspen Dental since construction. The purpose-built layout, specialized improvements, and established patient base create strong operational commitment to the location.

The building is situated on approximately 0.53 acres with approximately 11,000 square feet of paved parking, offering convenient patient access and strong visibility along East Stone Drive — one of Kingsport’s primary commercial arteries serving dense residential neighborhoods and regional retail demand.

The new lease structure includes two additional five-year renewal options, each featuring 9.26% rental increases, creating built-in income growth and long-term hedge against inflation. The investment generates annual Net Operating Income of $120,000, with minimal landlord responsibilities under the net-net (NN) lease format.

Healthcare net-lease assets continue to attract strong investor demand due to their recession-resistant service model, essential-use tenancy, and durable consumer demand drivers. Aspen Dental’s national platform, combined with the property’s established operating history and strategic retail corridor location, positions this offering as a stable, passive investment suitable for 1031 exchange buyers, private investors, and institutional net-lease portfolios. See Investment Strategy document for full positioning, renewal outlook, and redevelopment potential by clicking the FLYER Tab.