Aspen Dental - Net Lease Property for Sale
Somerset, KY
Key Investment Metrics
Price
$1,885,138
Cap Rate
6.5%
Net Operating Income
$122,534
Building Size
3509 SF
Lot Size
3,509 SF
Land Area
0.79 Acres
Remaining Term
8.6 years
Lease Expiration
07/31/2034
Lease Term
20 years
Lease Commencement
08/13/2014
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
3% in Year 6, and 8% in each Option
About This Aspen Dental Net Lease Property
This Aspen Dental NNN (triple net lease) property is located in Somerset, KY and represents an excellent investment opportunity for commercial real estate investors. The property features 3509 square feet of building space and was built in 2014.
With a cap rate of 6.5%, this Aspen Dental net lease property offers stable income potential. The asking price is $1,885,138, making it an attractive option for 1031 exchange investors seeking quality Aspen Dental commercial properties.
Why Invest in Aspen Dental NNN Properties?
- Stable Income: Aspen Dental net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Aspen Dental is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Somerset, KY Market Overview
Located in Somerset, KY, this Aspen Dental property benefits from strong local demographics and market fundamentals. The Somerset area offers excellent visibility and accessibility, making it an ideal location for Aspen Dental operations and a solid investment for net lease property buyers.