Overview
Cushman & Wakefield is pleased to present a corporate Aspen Dental with 8.5+ years remaining on lease. The NN+ lease provides investors with a long-term, reliable income stream withcontractual rent increases and minimal landlord responsibilities.Located in possibly the most desired Midwest market, Aspen Dental is strategically located on the heavily traveled S High Street (26,000+ VPD) with immediate access to I-270 and just 8 minutes from downtown Columbus. The property is being offered at an asking price of $3,090,000 which equates to a 6.50% cap rate on current rent.
Investment Highlights
• NN+ lease with minimal landlord responsibilities expiring November 30, 2033
• Corporate lease
• High quality medical buildout
• Internet resistant tenant
• 8% contractual rent increase in 2028 and in each of three option periods
• Strong Demographics (3-Mile Radius)
- Population: 43,088
- Average HH Income: $87,634
- Growing area with a projected Pop Growth (2024-2029) of 2.0%
• New Construction • Strong traffic counts of 26,229 VPD
• Easy access to I-270 (96,280 VPD) and I-71 (109,656 VPD)
• Across the street from the Kroger/Lowe’s co-anchored Columbus Great Southern Shopping Center that sees approximately 3.4 Million visits per year (Placer.ai)
Photo Gallery
