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Aspen Dental, Middleburg, FL

Aspen Dental

Middleburg, FL

Price $3,675,000
Cap Rate 5.00%
NOI $183,750
Lease Term 10 Years
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 3,750 SF
Lot Size 0.86 Acres (37,275 SF)
Status Under Contract
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

10-YEAR NET LEASE TO FAST-GROWING HEALTHCARE TENANT
» 10-year net lease to Aspen Dental with 10% rental increases every five years including option periods
» Aspen Dental operates over 939 locations in 43 states
» Aspen Dental is the fastest-growing network of independently owned dental practices in the United States
» New 2022 construction built to Aspen Dentals latest prototype
» Located in an income tax free state

PROMINENT LOCATION IN GROWING FLORIDA COMMUNITY WITH JACKSONVILLE ACCESS
» Strategically located along Middleburg’s primary retail corridor on State Route 21/ Blanding Boulevard, with access to 77,500 vehicles per day
» Surrounded by high-density single family housing developments and large townhouse complexes with State Route 21 carrying immense amounts of commuters to and from Jacksonville
» 84,472 residents live within a five-mile radius of the location with a median age of 37.3 years old, poising Aspen Dental and Middleburg for future growth
» Average annual household income of $93,047 within five miles of the site and projected to increase 12 percent by 2026

INFILL LOCATION SURROUNDED BY MAJOR ECONOMIC DRIVERS AND FLORIDA COMMUNITY HUBS
» Walking distance from Ascension St. Vincent’s Hospital (106 beds, approximately 500 employees), attracting significant traffic to the location
» Infill location within a dense Florida retail corridor, surrounded by national retailers such as Walmart, The Home Depot, Lowe’s Home Improvement, Target, ALDI, Chick-fil-A, Starbucks, and many more
» Surrounded by Middleburg’s largest community hubs and economic drivers, including Doctors Lake, St. Johns River, and Jennings State Forest
» Gateway to Jacksonville, the most populous city in Florida, the 12th-most populous city in the United States, and the largest city by area in the contiguous United States



Property Description

This Aspen Dental is strategically located along Middleburg’s primary retail corridor on State Route 21/Blanding Boulevard, with access to 77,500 vehicles per day. This location is surrounded by high-density single family housing developments and large townhouse complexes with State Route 21 carrying immense amounts of commuters to and from Jacksonville. 84,472 residents live within a five-mile radius of the location with a median age of 37.3 years old. The average annual household income is $93,047 within five miles of the site and is projected to increase 12 percent by 2026, poising Aspen Dental and Middleburg for concurrent growth.

The property is an infill location surrounded by major economic drivers and Florida community hubs. The site is walking distance from Ascension St. Vincent’s Hospital (106 beds, approximately 500 employees), attracting significant traffic to the location. The property is located within a dense Florida retail corridor, surrounded by national retailers such as Walmart, The Home Depot, Lowe’s Home Improvement, Target, ALDI, Chick-fil-A, Starbucks, and many more. The location is surrounded by Middleburg’s largest community hubs and economic drivers, including Doctors Lake, St. Johns River, and Jennings State Forest. The site is also a common gateway to Jacksonville, the most populous city in Florida, the 12th-most populous city in the United States, and the largest city by area in the contiguous United States.

Contact Us About This Property



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