3155 Phoenix Center Dr - Freestanding FOR SALE


Washington, MO 63090
$1,694,000 USD
3155 Phoenix Center Dr, Washington, MO for Sale
$1,694,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

3155 Phoenix Center Dr
Washington, MO 63090


HIGHLIGHTS

  • Long-Term History & Recent Extension with Established National Healthcare Tenant
  • Bite-Sized Deal | Nearly 35% Below-Market Rent
  • Minimal Landlord Responsibilities
  • Recession-Resistant
  • Outparcel to a 216K+ SF power center (Ross, Marshalls, Ulta) with 3.96M annual visitors
  • High Concentration of National Tenants

OVERVIEW

CBRE’s Net Lease Property Group is pleased to exclusively present the opportunity to acquire the fee simple interest in an Aspen Dental located in Washington, Missouri. Aspen Dental has been operating at this location since 2015 and recently extended for an additional 5 years, carrying the term through May 2030. The lease features three 5-year renewal options with 10% bumps in each option. The property is strategically positioned as an outparcel to Phoenix Center, a 216,567-square-foot open-air power center anchored by national retailers such as Ross Dress for Less, Marshalls, PetSmart, Dick’s Sporting Goods, Dollar Tree, and Ulta Beauty. Phoenix Center is a prominent retail destination along Washington’s primary corridor on Highway 100, which sees over 22,000 vehicles pass through daily and serves as a regional hub for Franklin County, drawing customers from a wide trade area and supporting a robust retail environment. Aspen Dental is one of the nation’s largest and fastest-growing dental service organizations, operating more than 1,100 locations across the United States. The brand has established itself as a leader in accessible, patient-focused dental care, offering a comprehensive range of services that includes preventive care, general dentistry, and advanced restorative treatments. Aspen Dental’s growth strategy is driven by its commitment to convenience, affordability, and quality, making dental care more approachable for millions of Americans. With a strong reputation for innovation and customer service, Aspen Dental continues to expand its footprint nationwide, positioning itself as a trusted name in healthcare and a dominant player in the dental industry.

FOR SALE DETAILS

PRICE

$1,694,000 USD

PRICE/SF

$484 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2

APN/PARCEL ID

10-7-250-0-055-047100

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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