Aspen Dental, Corsicana, Texas

3820 State Hwy 31 W. no-imageVIEW MAP

Property Information

Price: $2,856,000
Cap Rate: 6.25%
NOI: $178,500
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 3,500 Square Feet
Year Built: 2025
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Brand New 10 Year NN Lease – Stable Cash Flow Asset – Minimal Landlord Responsibilities – Three (5-Year) Options to Renew
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • The Lease is Guaranteed by Aspen Dental Management, Inc. (Corporate Entity) – Aspen Dental is a Best in Class, Leading Dental Practice Tenant Founded in 1998 That Operates More Than 1,071 Locations in 46 States – Plans to Open an Additional 75-100 Locations by the End of 2025
  • New Construction, Pride of Ownership Asset Featuring Aspen Dental’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Sticky Tenant – Expensive Interior Finish-Out with Dental Equipment That is Costly & Difficult to Relocate – First & Only National Dental Practice in the Market
  • Strong Real Estate Fundamentals, Highly Reusable Building Footprint – 3,500 Square Feet Building Situated on a 0.70 Acre Parcel with 28 Parking Spaces, Providing Aspen with the Ability to Effectively Handle High Patient Volume
  • High Traffic Location with Excellent Access from & Visibility to State Hwy 31 West – More Than 14,700 Vehicles Per Day on State Hwy 31 W & Over 8,900 Vehicles Per Day on N. 45th St (FM-2555)
  • Ideal Demographics for Aspen Dental – Over 28,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $80,000 Annually
  • Strategically Positioned Directly Across from a Walmart Supercenter That Has Seen More Than 2.39 Million Visits Over the Last Calendar Year
  • Located in the Strongest Retail Corridor of Corsicana – Surrounded by Many National Retailers Including a Brand-New Academy Sports & Outdoors, Walmart, McDonald’s, Jersey Mike’s, Chase Bank & Many Others
  • Over 5.9 Million Square Feet of Industrial & Office Space and 2.7 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,200 Businesses & 12,000 Employees
  • Approximately 1.1 Miles from Navarro Community College with More Than 9,000 Students Enrolled and Over 400 Faculty & Staff Members
  • Within a 5 Mile Radius of 10 Grade Schools That Have More Than 6,400 Students and Faculty
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset