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Aspen Dental, Kingman, AZ

Aspen Dental

Arizona, USA

Price $2,950,000
Cap Rate
NOI
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 (Under Construction)
Building Size 3,500 SF
Lot Size 0.49 Acres (21,345 SF)
Status Sold
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

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

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 TENANT
» 10-year net lease to Aspen Dental
» 10% rental increases every five years and in option periods
» Aspen Dental operates over 900 locations in 43 states
» Aspen Dental is the fastest-growing network of independently owned dental practices in the U.S.
» New 2022 construction built to Aspen Dental’s latest prototype

PROMINENT LOCATION IN GROWING COMMUNITY
» Strategically located on Stockton Hill Road with access to 29,748 vehicles per day in front of a signalized intersection
» Shadow-anchored by The Home Depot (a major employer in the area)
» Beneficial proximity to well-trafficked Arizona thoroughfares, Interstate 40 (28,666 AADT) and West Historic Route 66 (29,748 AADT)
» 50,936 residents live within a five-mile radius of the location
» Average annual household income of $66,775 within one mile of the site and projected to increase 12 percent by 2026

CENTRAL LOCATION NEAR LARGE SCHOOLS, HOSPITALS AND RETAILERS
» Surrounded by national tenants including Walmart Supercenter, Safeway, Walgreens, CVS Pharmacy, T-Mobile, In-N-Out Burger, and many more
» One mile from Kingman Regional Medical Center (235-beds, 1,800 employees) and Hualapai Mountain Campus (70-beds)
» Three miles from Mohave Community College (5,342 students, 700 employees)
» Seven miles from Kingman Airport (economic impact of $33.3 million)
» Central location between Las Vegas (population of 641,903) and Phoenix (population of 1,608,139), the largest cities in Nevada and Arizona


Property Description

SOLD

This property is located along Stockton Hill Road with access to 29,748 vehicles per day. This location maintains beneficial proximity to well-trafficked Arizona thoroughfares including Interstate 40 (28,666 AADT) and West Historic Route 66 (29,748 AADT). The property is shadow-anchored by The Home Depot (a major employer in the area). Visibility is increased by the site’s location near large shopping centers. The property is immediately surrounded by local and national tenants such as Walmart Supercenter, Safeway, Walgreens, CVS Pharmacy, T-Mobile, In-N-Out Burger, and many more, increasing traffic to the area. The site is supported by a customer base of 50,936 people within a five-mile radius of the location. The average annual household income is $66,775 within one mile of the site and is projected to increase 12 percent by 2026, poising Aspen Dental and Kingman for concurrent growth.

The property is near several large schools, hospitals, and community hubs. The site resides one mile from Kingman Regional Medical Center (235-beds, 1,800 employees) and Hualapai Mountain Campus (70-beds). Mohave Community College (5,342 students, 700 employees), one of the largest employers in the area, is located just three miles from the property. The site is centrally located between two large cities, Las Vegas (population of 641,903) and Phoenix (population of 1,608,139), providing access to a large demographic.

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