Single-Tenant Office Medical
Aspen Dental | 2023 Build | 10 Yr NNN | Corp Guarantee
137 Blowing Rock Blvd, Lenoir, NC 28645
Listing Price: $2,748,000
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Brand new 2023 build-to-suit construction Adjacent to newly developed Chipotle Strong traffic counts of ±29,500 VPD along Blowing Rock Blvd. Ample parcel size of ±0.85 acres Flat topography with strong visibility along Blowing Rock Blvd. Multiple points of ingress/egress PASSIVE LEASE STRUCTURE Corporately guaranteed lease Modified NNN lease structure Initial term of 10 years 3, 5-year renewal options 10% rent escalations every 5 years BEST-IN-CLASS TENANT 2021 revenues of $920 MM 1,000+ locations across 45 states 12,500 employees 2nd largest DSO (dental service organization) in US CALDWELL COUNTY ECONOMIC STRENGTH Caldwell County Top Employers Merchants Distributors, Inc – wholesale grocery distribution Bernhardt Furniture Company – manufacturing, furniture UNC Health – health care Year-over-year GDP growth since 2010 (+30%) Current projected announced/under construction MID – 135+ new jobs, 500,000 SF, $155 MM investment Exela Pharama Sciences – 100+ new jobs, 210,000 SF, $50 MM investment Grand Manor Furniture – 75+ new jobs, 200,000 SF, $12 MM investment
Investment Highlights
- 2023 CONSTRUCTION
- FRESH 10-YEAR LEASE
- PROPERTY INCLUDES BILLBOARD
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office Medical
Aspen Dental | 2023 Build | 10 Yr NNN | Corp Guarantee
Listing Price: $2,748,000
Investment Highlights
- 2023 CONSTRUCTION
- FRESH 10-YEAR LEASE
- PROPERTY INCLUDES BILLBOARD
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Brand new 2023 build-to-suit construction Adjacent to newly developed Chipotle Strong traffic counts of ±29,500 VPD along Blowing Rock Blvd. Ample parcel size of ±0.85 acres Flat topography with strong visibility along Blowing Rock Blvd. Multiple points of ingress/egress PASSIVE LEASE STRUCTURE Corporately guaranteed lease Modified NNN lease structure Initial term of 10 years 3, 5-year renewal options 10% rent escalations every 5 years BEST-IN-CLASS TENANT 2021 revenues of $920 MM 1,000+ locations across 45 states 12,500 employees 2nd largest DSO (dental service organization) in US CALDWELL COUNTY ECONOMIC STRENGTH Caldwell County Top Employers Merchants Distributors, Inc – wholesale grocery distribution Bernhardt Furniture Company – manufacturing, furniture UNC Health – health care Year-over-year GDP growth since 2010 (+30%) Current projected announced/under construction MID – 135+ new jobs, 500,000 SF, $155 MM investment Exela Pharama Sciences – 100+ new jobs, 210,000 SF, $50 MM investment Grand Manor Furniture – 75+ new jobs, 200,000 SF, $12 MM investment
Exclusively Listed By
Broker of Record
Financing By

