Aspen Dental | 9+yrs Remaining Corp NN | 341 Furniture Dr
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Aspen Dental | 9+yrs Remaining Corp NN 341 Furniture Dr
3,500 SF Retail Building Cornelia, GA 30531 $2,427,000 ($693/SF) 6% Cap Rate
Investment Highlights
- Over 9 Years Remaining | Scheduled Rental Increases | Established Brand
- Next to Future NE Georgia Hospital | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 5-mile Trade Area
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along U.S. 441 (32,500 VPD) | Excellent Visibility
Executive Summary
• The tenant currently has over 9 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• More than 25 years later since being founded, the network includes 1,000+ Aspen Dental locations nationwide
• The lease features 10% rental increases every 5 years throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• More than 25 years later since being founded, the network includes 1,000+ Aspen Dental locations nationwide
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Year Built
2023
Price
$2,427,000
Price Per SF
$693
Cap Rate
6%
NOI
$145,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.85 AC
Zoning
General Commercial
Parking
30 Spaces (8.57 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 083-037 | Improvements Assessment | $137,076 |
| Land Assessment | $190,256 | Total Assessment | $327,332 |
PROPERTY TAXES
Parcel Number
083-037
Land Assessment
$190,256
Improvements Assessment
$137,076
Total Assessment
$327,332
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Michael Berk -
Power Broker Patrick Nutt -
SRS Real Estate Partners
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Aspen Dental | 9+yrs Remaining Corp NN | 341 Furniture Dr
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