Single-Tenant Office Medical
Aspen Dental | Double Net Lease | Dense Retail Corridor | Proximity to Lake Cumberland Area
2911 S Hwy 27, Somerset, KY 42501
Listing Price: $1,944,984
Cap Rate
6.30%
Tenant Name
Aspen Dental
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
3,509
Lease Type
Double Net
Rent Per Square Feet
$34.92
Investment Overview
Marcus & Millichap is pleased to present the offering for Aspen Dental in Somerset, Kentucky.
Aspen Dental | Double Net Lease | Dense Retail Corridor | Proximity to Lake Cumberland Area
Investment Highlights
- SINGLE TENANT ASPEN DENTAL LOCATION: 3,509 Square Feet on a 0.79 Acre Lot with 25 Parking Spaces.
- DOUBLE NET LEASE: 2014 Renovations with Just Over Eight Years Remaining on the Original Double-Net Lease. Landlord Responsible for Roof, Structure and HVAC Replacement.
- RENTAL INCREASES IN EACH OPTION: Rental Increase Coming in 2029 and 8 Percent Rental Increases in Each of Four, Five-Year Renewal Options.
- CORPORATE GUARANTEE: Lease is Guaranteed by Aspen Dental Management, with Over 1,000 Locations Across 46 States.
- FEE SIMPLE OWNERSHIP: Provides the Buyer with the Highest Form of Real Estate Ownership and Absolute Control Over the Asset.
- HIGH VISIBILITY LOCATION: Outparcel to Shopping Center with Lighted Pylon Sign and Easy Access from All Traffic Directions. Three Points of Ingress and Egress.
- DENSE RETAIL HUB: Located Near Multiple National Tenants Including Hobby Lobby, TJ Maxx, Tractor Supply, Ollie's, Planet Fitness, Dunham's, Pizza Hut, Taco Bell, 7 Brew, Texas Roadhouse, Kroger, Chick Fil A, Walmart Supercenter, Lowe's and More.
- STABLE TRAFFIC CORRIDOR: Located Along US Highway 27 Seeing 32,500 Vehicles per Day (VPD).
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office Medical
Aspen Dental | Double Net Lease | Dense Retail Corridor | Proximity to Lake Cumberland Area
Listing Price: $1,944,984
Cap Rate
6.30%
Tenant Name
Aspen Dental
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
3,509
Lease Type
Double Net
Rent Per Square Feet
$34.92
Investment Highlights
- SINGLE TENANT ASPEN DENTAL LOCATION: 3,509 Square Feet on a 0.79 Acre Lot with 25 Parking Spaces.
- DOUBLE NET LEASE: 2014 Renovations with Just Over Eight Years Remaining on the Original Double-Net Lease. Landlord Responsible for Roof, Structure and HVAC Replacement.
- RENTAL INCREASES IN EACH OPTION: Rental Increase Coming in 2029 and 8 Percent Rental Increases in Each of Four, Five-Year Renewal Options.
- CORPORATE GUARANTEE: Lease is Guaranteed by Aspen Dental Management, with Over 1,000 Locations Across 46 States.
- FEE SIMPLE OWNERSHIP: Provides the Buyer with the Highest Form of Real Estate Ownership and Absolute Control Over the Asset.
- HIGH VISIBILITY LOCATION: Outparcel to Shopping Center with Lighted Pylon Sign and Easy Access from All Traffic Directions. Three Points of Ingress and Egress.
- DENSE RETAIL HUB: Located Near Multiple National Tenants Including Hobby Lobby, TJ Maxx, Tractor Supply, Ollie's, Planet Fitness, Dunham's, Pizza Hut, Taco Bell, 7 Brew, Texas Roadhouse, Kroger, Chick Fil A, Walmart Supercenter, Lowe's and More.
- STABLE TRAFFIC CORRIDOR: Located Along US Highway 27 Seeing 32,500 Vehicles per Day (VPD).
Investment Overview
Marcus & Millichap is pleased to present the offering for Aspen Dental in Somerset, Kentucky.
Exclusively Listed By
Broker of Record
Financing By
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