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Views: 171 DOM: 650 Updated: 10.06.24 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 7.10
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 7+ years remaining on its current term with 2 (5-year) options to extend
  • Lease features 10% rental increases 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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Maps

  • 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

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