Single-Tenant Office Medical

Aspen Dental

4063 Mannheim Rd, Jasper, IN 47546

Listing Price: $1,995,000

Cap Rate
6.70%
Tenant Name
Corporate
Years Remaining On Lease
9.3
Gross SF
3,520
Guarantor
Corporate Guarantee
Rentable SF
3,520
Price/Gross SF
$566.76
Lease Type
Double Net
Rent Per Square Feet
$38.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a newly constructed Aspen Dental located at 4063 Mannheim Road in Jasper, Indiana. The property consists of roughly 3,520 rentable square feet and sits on an estimated 0.66 acre.
The Aspen Dental is subject to a brand new 10-year lease, with rent set to commence on July 1st, 2020. The initial rent is $133,760 with rental increases of 9.5% in year 6, and 10% increases every five (5)-years through the options. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 25 years.

Investment Highlights

  • Brand New 10-Year Lease Rent Commencement in July 1 2020
  • Three (3), Five (5)-Year Renewal Options
  • Brand New 2020 Construction

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Single-Tenant Office Medical

Aspen Dental

Listing Price: $1,995,000

Cap Rate
6.70%
Tenant Name
Corporate
Years Remaining On Lease
9.3
Gross SF
3,520
Guarantor
Corporate Guarantee
Rentable SF
3,520
Price/Gross SF
$566.76
Lease Type
Double Net
Rent Per Square Feet
$38.00

Investment Highlights

  • Brand New 10-Year Lease Rent Commencement in July 1 2020
  • Three (3), Five (5)-Year Renewal Options
  • Brand New 2020 Construction

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a newly constructed Aspen Dental located at 4063 Mannheim Road in Jasper, Indiana. The property consists of roughly 3,520 rentable square feet and sits on an estimated 0.66 acre.
The Aspen Dental is subject to a brand new 10-year lease, with rent set to commence on July 1st, 2020. The initial rent is $133,760 with rental increases of 9.5% in year 6, and 10% increases every five (5)-years through the options. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 25 years.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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