7+ Years Remaining on Corporate Lease - The Tenant, Aspen Dental Management, Inc., has over 7 years remaining on corporate lease that features approximately 11 percent rental increases every five years during the base term and three, five-year option periods providing an excellent hedge against inflation. The next increase is set to occur in March of 2028. The Tenant operates in a 3,962-square-foot retrofit of a former restaurant. Aspen Dental is the fastest-growing network of independently owned dental practices with more than 1,000 locations nationwide.
Rapidly Expanding Healthcare Organization - Owned by private equity firms Leonard Green, Ares Capital and American Securities, Aspen Dental is one of the largest retail healthcare business support organizations in the United States. It supports 15,000 healthcare professionals and team members at more than 1,000 health and wellness offices across 46 states. What started in 1998 with a small footprint in the northeast, has grown into the largest branded network of dental offices in the world, collectively serving more than 30,000 patients every day. This site is one of two locations the tenant has in Kalamazoo.