Aspen Dental

5607 Pacific Avenue, Stockton, CA 95207

$3,000,000

Cap Rate 5.37%

Views: 129 DOM: 584 Updated: 09.13.24 Posted: 02.10.23 Status: Active

Summary

Price $3,000,000	Built/Renov 2022	Tenant Aspen Dental
Cap Rate 5.37%	Lease Type NN+	Guarantor Corporate
Size/SF 3,500	Lease Start 07-01-2022	#Units 1,029
Price/SF $857.14	Expiration 09-30-2032	Tenant Type Medical/Health
NOI $161,000	R. Term 8.0	Ownership Fee Simple
Rent/SF $46.00	Increases 10.0%/4/yrs	Pop 5Mi 293,541
Lot/AC 0.13	Options 2/5yrs/10%	AHHI 5Mi $78,998

Lease Highlights

Brand new construction (2022)
Aspen Dental has over 9 years remaining on its current term with 2 (5-year) options to extend
Lease features 10% rental escalation every 5 years and at the beginning of each option period
Favorable NN+ lease with limited landlord responsibilities (roof & structure)
Corporate guarantee by one of the largest dental practice management corporations in the U.S.

Location Description

The subject property is well positioned as an outparcel to the 95,000 SF Stonecreek Village Shopping Center (Lifestyle Center) and benefits from its hard corner signalized intersection location at Pacific Ave and Robinhood Dr which sees over 42,200 VPD. Additionally, directly across from the property is San Joaquin Delta College (18,000+ students) as well as major retailers such as HomeGoods,...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Shopping Ctr out-parcel
University college close
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Favorable NN+ lease
Corporate Guarantee

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Links

Aspen Dental Wikipedia Aspen Dental Wikipedia Stockton, California Zip Code 95207 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Aspen Dental
Guarantor:Corporate
Company:Aspen Dental Managment Inc.
# Units:1,029
Stock:Private

About Tenant

Aspen Dental is the largest group of branded dental offices in the world. Aspen Dental is a full-service dental provider offering a wide range of services, including clear aligners,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	21,302	189,658	305,892
2023 Total Population :	21,091	187,314	300,562
2023 Employed Civilian Pop :	8,334	77,351	123,760
2023 Total Businesses :	1,353	5,494	9,116
2023 Average Household Income :	$ 76,118	$ 93,480	$ 95,136
2023 Total Consumer Spending :	$ 510 M	$ 5090 M	$ 7898 M
2023 Median Age :	35	34	34
2023 Total Households :	7,647	62,615	95,568
2023 Pop Age 25+: Bachelor's Degree :	1,922	15,933	25,263
2023 Average Home Value :	$ 469,006	$ 492,170	$ 502,696

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Robinhood Dr	N Pacific AveFron Rd	2014	12,900	0.09 mi
Pacific Ave	W Longview Ave	2014	42,200	0.12 mi
Pacific Ave	W Robinhood Dr	2015	33,042	0.14 mi
W Swain Rd	Dante St	2014	9,400	0.27 mi
W Robinhood Dr	Claremont Ave	2014	9,400	0.34 mi
W Yokuts Ave	Claremont Ave	2014	8,900	0.35 mi
Claremont Ave	W Yorkshire Dr	2014	5,200	0.38 mi
Pacific Ave	W Yokuts Ave	2014	32,100	0.43 mi
W Swain Rd	Alturas Ave	2014	13,300	0.43 mi
Pacific Ave	Porter Ave	2014	38,100	0.46 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

157 Listings
17414 Views
55 Sold

Eric Carlton

Colliers NNN Group

Contact

169 Listings
18726 Views
58 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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