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Aspen Dental, Oswego, IL

Aspen Dental

Oswego, IL

Price $2,917,000
Cap Rate 5.25%
NOI $153,125
Lease Term 10 Years
Lease Type Double Net, With Tenant Responsible For All Taxes, Insurance, And Common Area Maintenance, Excluding Roof And Building Structure
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built Contact For Details
Building Size 3,500 SF
Lot Size 0.72 Acres (31,250 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

10-YEAR NET LEASE TO FAST-GROWING TENANT
» 10-year net lease to Aspen Dental
» 10% rental increases every five years and in option periods
» Aspen Dental operates 939 locations in 43 states
» Aspen Dental is the fastest growing network of independently owned dental practices in the U.S.

HIGH-TRAFFIC LOCATION IN PRIME RETAIL CORRIDOR
» Located just off of U.S. Route 34, with excellent visibility and access to 29,500 vehicles per day
» Outparcel to Prairie Market, a large regional power center anchored by Walmart Supercenter, Hobby Lobby, and Kohl’s and featuring other big name brands like Best Buy, Ulta, Dick’s Sporting Goods, Burlington, and Five Below
» Central location in thriving retail corridor near Target, T.J. Maxx, The Home Depot, and many more
» Close proximity to Ogden Hill of Montgomery Mall with major anchor tenants Sam’s Club, JCPenney and Menards, generating significant traffic to the area

CENTRAL LOCATION NEAR IMPORTANT COMMUNITY AMENITIES
» Near several large schools, including Oswego East High School (2,717 students) and Oswego High School (1,142 students)
» Minutes from the 210-bed Rush Copley Medical Center, which has 2,259 employees
» Adjacent to the newly constructed luxury apartment complexes, Springs at Oswego, with 320 units
» Close to Fox Bend Golf Course, rated as one of the top twenty public courses in the Chicagoland area

LARGE, AFFLUENT CUSTOMER BASE
» 226,678 residents with an average household income of $108,068 live within a five mile radius
» Average household income of $117,705 within one mile of the property with a projected 9 percent increase by 2026, poising Aspen Dental and Oswego for concurrent growth
» Located in one of the fastest growing areas in Chicago MSA



Property Description

The property is conveniently located just off U.S. Route 34, with excellent visibility and access to 29,500 vehicles per day. The property is outparcel to Prairie Market, a large regional power center anchored by Walmart Supercenter, Hobby Lobby, and Kohl’s and featuring big name brands like Best Buy, Ulta, Dick’s Sporting Goods, Burlington, and Five Below. Located in a thriving retail corridor, the property is also near other large shopping centers and notable tenants. Both Gerry Centennial Plaza—anchored by Meijer and tenanted by Ross, Michaels, and Old Navy—and Oswego Commons—featuring Target, T.J. Maxx, and Party City, amongst others—are within walking distance of the property. Other retailers in the nearby area include The Home Depot, ALDI, PetSmart, Chase Bank, DSW, and more.

The property benefits from its central location near large schools, major employers, and new development projects. Several schools are located nearby, including Oswego East High School (2,717 students) and Oswego High School (1,142 students). The property is close to several industrial employment centers and is just minutes from the 210-bed Rush Copley Medical Center, which has 2,259 employees. The property is also directly in front of the Springs at Oswego, a development with 320 luxury apartments behind Prairie Market. Additionally, the property is located in a very densely populated and affluent area; 226,678 residents with an average household income of $108,068 live within a five-mile radius, and the average household income within one mile of the property is $117,705.

Contact Us About This Property

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