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Aspen Dental

1100 US-Hwy 70 W, Raleigh (Garner), NC, 27529
For Sale

Property Details

  • Price: $2,858,000
  • Property Type: Office, Other
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 0.84 AC
  • Lease Type: NNN
  • Lease Term: 10 years
  • Year Built: 2023
  • Parking: 36
  • Tenancy: Single Tenant
  • Available SF: 3,500 SF

Property Description

SECURE INCOME STREAM

  • New 10-Year Lease with 10% Rent Increases Every 5 Years
  • Brand New 2023 Block Construction, Latest Prototype
  • Minimal Landlord Responsibilities, 15-Year Manufacturer’s Roof Warranty
  • Corporate Guaranty, Over 1,100 Locations in 45 States, $3+ Billion in Revenue
  • Aspen Dental Served Over 8 Million Patients in 2022, Fastest-Growing Network of Branded Dental Practices in the U.S.

PROXIMITY

  • Excellent Access and Visibility to 38,500 VPD Along Hwy. 70, Direct Access to Downtown Raleigh (5 Miles)
  • Across from Target, Home Depot and Lidl Anchored Center with 2.3 Million Visits/Year (Placer.ai)
  • 142,463 Residents in Growing Trade Area, Garner Population Increased 35.4% Since 2010
  • Minutes to Downtown Raleigh and Proposed $2 Billion “Downtown South” Project with 2.1M SF of Commercial and 34,000 Residential Apartments
  • 7 Miles to NC State University with 35,479 Students and 9,640 Employees
  • Garner Has Over 3,000 New Apartment Units, 2,280 New Townhomes and 4,746 Single Family Residence Lots Under Construction or Approved
  • Close Proximity to New Amazon Fulfilment Center with 3,500 Employees
  • Strong Daytime Population with 166,807 in Trade Area
  • 20 Miles to RDU International Airport, 25 Miles to Research Triangle Park, 32 Miles to Downtown Durham

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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