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Single-Tenant Office Medical

Aspen Dental

964 Lynn Rd SW, Hutchinson, MN 55350

Listing Price: $2,060,000

Cap Rate
6.50%
Tenant Name
Aspen Dental
Years Remaining On Lease
5.7
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$588.57
Lease Type
Double Net
Rent Per Square Feet
$38.23

Investment Overview

Marcus & Millichap is pleased to present this net leased Aspen Dental. The property was built-to-suit for Aspen Dental in 2015 and the tenant just extended the lease by another five years. The lease is double net with a corporate guarantee.

Investment Highlights

  • Built-to-Suit in 2015 and Tenant Just Extended Five Years
  • Double Net Lease Through 2/28/2031
  • Two Five-Year Options with Rent Increases (8 Percent then 10 Percent)
  • Corporate Guarantee – Over 1,100 Locations
  • +/- 0.56 Acre Corner Lot with Great Visibility

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Aspen Dental

Listing Price: $2,060,000

Cap Rate
6.50%
Tenant Name
Aspen Dental
Years Remaining On Lease
5.7
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$588.57
Lease Type
Double Net
Rent Per Square Feet
$38.23

Investment Highlights

  • Built-to-Suit in 2015 and Tenant Just Extended Five Years
  • Double Net Lease Through 2/28/2031
  • Two Five-Year Options with Rent Increases (8 Percent then 10 Percent)
  • Corporate Guarantee – Over 1,100 Locations
  • +/- 0.56 Acre Corner Lot with Great Visibility

Investment Overview

Marcus & Millichap is pleased to present this net leased Aspen Dental. The property was built-to-suit for Aspen Dental in 2015 and the tenant just extended the lease by another five years. The lease is double net with a corporate guarantee.

Exclusively Listed By

Financing By

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