Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Aspen Dental | Charlotte, NC. The Premises is leased to Aspen Dental for a 10 year initial term, with three (3) – five (5) year options. The Asset is well positioned on a popular retail corridor along Albemarle Road in Charlotte, NC with nearby tenants including Target, Walmart, Lowe’s, and Home Depot.
- Attractive Lease Fundamentals
- 10 year NN lease | 8% rental increases every 5 years including options | Three (3) – five (5) year options
- Corporate Guarantee From Strong Tenant
- Aspen Dental has over 1,000 locations across the United States
- New Construction
- Newly constructed building to the tenant’s specifications | Located next to a new Starbucks & Jersey Mike’s with a newly constructed side access street
- Strong Surrounding Demographics
- Over 80K people live within a 3-mile radius | Average household income exceeding $75K | More than 300K residents live within a 15 minute drive time
- High Visibility in Major Retail Hub
- More than 31K cars travel Albemarle Rd a day | Over 720K SF of retail in a 1-mile radius with zero vacancy | Nearby national tenants include: Walmart, Lowe’s, Target, Home Depot, & Food Lion
- A Top Performing Market Nationally
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage) | Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022) | 5th fastest growing city from 2021 to 2022 (population change: 15,217)