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Single-Tenant Office Medical

Aspen Dental | 10 Years Remain | High Traffic Location

5160 W Main St, Kalamazoo, MI 49009

Listing Price: $2,641,333

Cap Rate
6.00%
Tenant Name
Aspen Dental
Years Remaining On Lease
9.7
Gross SF
3,962
Guarantor
Corporate Guarantee
Rentable SF
3,962
Price/Gross SF
$666.67
Lease Type
Double Net
Rent Per Square Feet
$40.00

Investment Overview

The Tenant, Aspen Dental Management, Inc., is subject to a 10-year corporate lease that features 10 percent rental increases every five years during the base term and three, five-year option periods providing an excellent hedge against inflation. The Tenant will operate in a 3,962-square-foot retrofit of a former restaurant. Aspen Dental is the fastest-growing network of independently owned dental practices with more than 1,000 locations nationwide.

Investment Highlights

  • New 10-Year Corporate Lease with 10% Increases Every 5 Years
  • College Town location; Near Western Michigan University with 16,643 Students
  • High Traffic Interchange Location with 30,156 VPD

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Single-Tenant Office Medical

Aspen Dental | 10 Years Remain | High Traffic Location

Listing Price: $2,641,333

Cap Rate
6.00%
Tenant Name
Aspen Dental
Years Remaining On Lease
9.7
Gross SF
3,962
Guarantor
Corporate Guarantee
Rentable SF
3,962
Price/Gross SF
$666.67
Lease Type
Double Net
Rent Per Square Feet
$40.00

Investment Highlights

  • New 10-Year Corporate Lease with 10% Increases Every 5 Years
  • College Town location; Near Western Michigan University with 16,643 Students
  • High Traffic Interchange Location with 30,156 VPD

Investment Overview

The Tenant, Aspen Dental Management, Inc., is subject to a 10-year corporate lease that features 10 percent rental increases every five years during the base term and three, five-year option periods providing an excellent hedge against inflation. The Tenant will operate in a 3,962-square-foot retrofit of a former restaurant. Aspen Dental is the fastest-growing network of independently owned dental practices with more than 1,000 locations nationwide.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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