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Single-Tenant Office Medical

Aspen Dental | New 10-Yr. Lease

1421 W Airline Hwy, LaPlace (New Orleans MSA), LA 70068

Listing Price: $2,683,000

Cap Rate
6.00%
Tenant Name
Aspen Dental
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Double Net
Rent Per Square Feet
$46.00

Investment Overview

Marcus & Millichap is pleased to present the Aspen Dental in LaPlace, LA.

Investment Highlights

  • 10-Year Lease with 8% Increases Every 5 Years, Minimal Landlord Responsibilities
  • Corporate Guaranty, Over 1,100 Locations in 45 States and $3+ Billion in Revenue
  • Aspen Dental Served Over 8 Million Patients in 2022, Largest/Fastest-Growing Network of Branded Dental Practices in the U.S.
  • Brand New High-Quality Construction, Tenant Made Significant Capital Investment Towards Building Out the Space
  • Serving Over 56,593 Residents in Growing New Orleans Suburb, 25 Miles West of Downtown New Orleans
  • Average Household Income Exceeds $78,000 within 3 Miles
  • Strategic Location, Closest Aspen Dental Practice is Over 20 Miles Away
  • Highly Visible to More Than 36,000 Cars/Day Along Major Commercial Artery, Direct Access to New Orleans

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Aspen Dental | New 10-Yr. Lease

Listing Price: $2,683,000

Cap Rate
6.00%
Tenant Name
Aspen Dental
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Double Net
Rent Per Square Feet
$46.00

Investment Highlights

  • 10-Year Lease with 8% Increases Every 5 Years, Minimal Landlord Responsibilities
  • Corporate Guaranty, Over 1,100 Locations in 45 States and $3+ Billion in Revenue
  • Aspen Dental Served Over 8 Million Patients in 2022, Largest/Fastest-Growing Network of Branded Dental Practices in the U.S.
  • Brand New High-Quality Construction, Tenant Made Significant Capital Investment Towards Building Out the Space
  • Serving Over 56,593 Residents in Growing New Orleans Suburb, 25 Miles West of Downtown New Orleans
  • Average Household Income Exceeds $78,000 within 3 Miles
  • Strategic Location, Closest Aspen Dental Practice is Over 20 Miles Away
  • Highly Visible to More Than 36,000 Cars/Day Along Major Commercial Artery, Direct Access to New Orleans

Investment Overview

Marcus & Millichap is pleased to present the Aspen Dental in LaPlace, LA.

Exclusively Listed By

Financing By

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