Aspen Dental

Asset Type

Retail

Address
2911 S Highway 27 Somerset, KY United States 42501-3036
Asking Price

S$2,211,000

Sq Footage

3,509

Year Built

2014

Cap Rate

7.75%

Additional Attributes

Property Description

Free-standing, single-tenant Aspen Dental for sale. As the only Aspen Dental within 40 miles, the property is strategically positioned along the primary retail corridor of Somerset, with convenient accessibility from neighboring communities such as Ferguson, Burnside and the greater Somerset region. Constructed in 2014, it sits as an outparcel to a Hobby Lobby and TJ Maxx-anchored shopping center with retailers such as Walmart, Lowe’s, Kroger, Aldi, Tractor Supply, and the Somerset Mall. These retailers as well as Somerset Community College across the street, draw strong traffic to the area with over 26,900 vehicles passing the property daily.

Investment Highlights

  • Property features an NN lease with over five years of primary term remaining
  • Three 5-year options for renewal and 8% rental increases every 5 years
  • Minimal landlord responsibilities
  • Property was a build-to-suit for Aspen Dental, reinforcing the tenant’s commitment to the location


Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Douglas Owen
Douglas Owen
SVP, Brokerage
KY - 198490
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