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8817 Albemarle RdCharlotte, NC 28227
Aspen Dental | Charlotte, NC | 6.00% Cap
Asset ClassRetail, Healthcare Facility
Cap Rate6%
Aspen Dental | Charlotte, NC | 6.00 Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Aspen Dental | Charlotte, NC. The Premises is leased to Aspen Dental for a 10 year initial term, with three (3) - five (5) year options. The Asset is well positioned on a popular retail corridor along Albemarle Road in Charlotte, NC with nearby tenants including Target, Walmart, Lowe’s, and Home Depot.

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Investment Highlights

Attractive Lease Fundamentals

  • 10 year NN Lease
  • 8% rental increases every 5 years including options
  • Three (3) - five (5) year option

Corporate Guarantee From Strong Tenant

  • Aspen Dental has over 1,000 locations across the United States

New Construction

  • Newly constructed building to the tenant’s specifications
  • Located next to new Starbucks & Jersey Mikes with a newly constructed side access street

Strong Surrounding Demographics

  • Over 80K people live within a 3-mile radius
  • Average household income exceeding $75K
  • More than 300K residents live within a 15 minute drive time

High Visibility in Major Retail Hub

  • More than 31K cars travel Albemarle Rd day
  • Over 720K SF of retail in a 1-mile radius with zero vacancy
  • Nearby national tenant’s include: Walmart, Lowe’s, Target, Home Depot, and Food Lion

A Top Performing Market Nationally

  • Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
  • Charlotte Forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
  • 5th fastest growing city from 2021 to 2022 (population change: 15,217)
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8817 Albemarle RdCharlotte, NC 28227

Sales Team

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