Haines City, FL - Aspen Dental

Description:

• The tenant recently signed a brand new 10-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Aspen Dental Management, Inc., committed to providing a wide range of general dentistry services across 1,000+ locations
• The lease features a 10% rental increase in LY 6, and 8% rental increases at the beginning of each option, growing NOI and hedging against inflation
• This Aspen Dental location sits on a rare, 1.1 acre parcel, generating a future value add opportunity as the Typical Aspen Dental Model generally occupies 0.6-0.8 acres of land

• Aspen Dental is strategically fronting US Hwy 27 averaging 57,500 vehicles per day
• US Hwy 27 is the primary thoroughfare serving the Haines City with national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more
• A new subdivision and Publix-anchored shopping center is under construction which will add 2,816 single-family homes and 438 townhomes to the area
• Currently, there are 10 subdivisions under development. City leaders said affordable homes and location makes Haines City an ideal location for new residents
• The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Winn-Dixie, ALDI, Dollar General Market, and more