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Miscellaneous

Aspen Dental | New 10 Year Lease

1510 W University Dr, McKinney, TX 75069

Listing Price: $3,472,000

Cap Rate
6.25%
Tenant Name
Aspen Dental Management, Inc.
Years Remaining On Lease
9.7
Gross SF
3,530
Guarantor
Corporate Guarantee
Rentable SF
3,530
Price/Gross SF
$983.57
Lease Type
Double Net
Rent Per Square Feet
$61.47

Investment Overview

Marcus & Millichap is pleased to present forr sale Aspen Dental in McKinney, Texas. Aspen Dental Management, Inc. (“ADMI”) provides administrative and business support services to Aspen Dental branded dental practices. Each Aspen Dental branded practice is owned and operated by a licensed dentist. ADMI licenses the “Aspen Dental” brand name to the independently owned and operated dental practices that use its business support services.

Located 30 miles north of downtown Dallas and 25 minutes from the Dallas-Fort Worth International Airport, McKinney is part of the Dallas- Fort Worth-Arlington MSA, the fourth largest metropolitan area in the country. And, according to the 2018 U.S. Census, McKinney is the sixth Fastest Growing City in the United States.

Investment Highlights

  • Brand New 10 Year Double-Net (NN) Lease with Corporate Guaranty
  • New 2024 Construction with 10 Percent Rental Increases Every Five Years
  • 473,896 Residents within a 10-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Surrounded by National Big Box Retailers: Sam's Club, WinCo, Home Depot, Best Buy, Target, Walmart Supercenter, Kroger, Lowe's, and More
  • High Visibility Location Along W University Drive / Hwy-380 (Over 50,930 Cars per Day) with Direct Connection to US Hwy 75 (Over 152,300 Cars per Day)
  • Central Location in Prime Retail Corridor Within Two Miles of Downtown Historic McKinney, Four and a Half Miles of McKinney National Airport, and 15 Miles to Downtown Plano
  • Dense Daytime Population of 141,405 Employees Within Five Miles of the Subject Property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

Aspen Dental | New 10 Year Lease

Listing Price: $3,472,000

Cap Rate
6.25%
Tenant Name
Aspen Dental Management, Inc.
Years Remaining On Lease
9.7
Gross SF
3,530
Guarantor
Corporate Guarantee
Rentable SF
3,530
Price/Gross SF
$983.57
Lease Type
Double Net
Rent Per Square Feet
$61.47

Investment Highlights

  • Brand New 10 Year Double-Net (NN) Lease with Corporate Guaranty
  • New 2024 Construction with 10 Percent Rental Increases Every Five Years
  • 473,896 Residents within a 10-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Surrounded by National Big Box Retailers: Sam's Club, WinCo, Home Depot, Best Buy, Target, Walmart Supercenter, Kroger, Lowe's, and More
  • High Visibility Location Along W University Drive / Hwy-380 (Over 50,930 Cars per Day) with Direct Connection to US Hwy 75 (Over 152,300 Cars per Day)
  • Central Location in Prime Retail Corridor Within Two Miles of Downtown Historic McKinney, Four and a Half Miles of McKinney National Airport, and 15 Miles to Downtown Plano
  • Dense Daytime Population of 141,405 Employees Within Five Miles of the Subject Property

Investment Overview

Marcus & Millichap is pleased to present forr sale Aspen Dental in McKinney, Texas. Aspen Dental Management, Inc. (“ADMI”) provides administrative and business support services to Aspen Dental branded dental practices. Each Aspen Dental branded practice is owned and operated by a licensed dentist. ADMI licenses the “Aspen Dental” brand name to the independently owned and operated dental practices that use its business support services. Located 30 miles north of downtown Dallas and 25 minutes from the Dallas-Fort Worth International Airport, McKinney is part of the Dallas- Fort Worth-Arlington MSA, the fourth largest metropolitan area in the country. And, according to the 2018 U.S. Census, McKinney is the sixth Fastest Growing City in the United States.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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