Aspen Dental

Highlights:

• Brand New 10 Year Corporate Net Lease to Aspen Dental with Increases
• Dental Users Continue to Provide Investors with E-Commerce Resistant Option in the Net Lease Market
• Medical and Dental Users Invest Significant Dollars in their Practices; Long-Term Tenancy Likely
• More than 900 Aspen Dental-Branded Practices across 43 States
• Part of the Dry River District Development Outparcel to New Costco Under Construction
• High Growth Suburb of Austin with Robust Demographics in Surrounding Area

Description:

The subject property is prominently located within the Dry River District Development, a 65-acre mixed-use commercial development that will Include medical, hotel, multifamily & retail anchored by Costco, EVO Entertainment, and Home Depot. The property has excellent access and freeway visibility along Kohler’s Crossing and IH-35 (159,300 Combined AADT). The site benefits from robust demographics with a total population of 122,572 within a 5-mile radius. Average household income within 5 miles of the site is $94,682.


The property is in close proximity to shopping centers, schools, hotels, apartments and employers. Nearby retail centers include Kyle Crossing, a Target-anchored shopping center with additional tenants including CVS, Kohl’s, Ross Dress for Less, Petco, and Dollar Tree with outparcels such as Jack in the box, McDonalds, Spectrum, H&R Block, Five Guys, Jersey Mikes, and more; Kyle Marketplace, with tenants such as H-E-B Plus, Chuck E Cheese, Texas Backyard, and Subway with outparcels such as Starbucks, Chase Bank, Whataburger, and Wells Fargo. Other major retail tenants in the surrounding area include Lowe’s Home Improvement, Walmart Supercenter, Goodwill, Walgreens, Smoothie King, Sport Clips, Taco Bell, Dunkin Donuts, Arby’s and many more. There are 6 major apartment complexes within walking distance as well as several hotels drawing immense foot traffic.


The property is also located near Austin Community College Hays Campus, with over 4,000 Students, as well as Ascension Seton Hays Hospital, a 165-bed hospital and the city’s second largest employer. Kyle ER is also located within 3 miles of the site. Kyle is home to 14 public schools in the immediate vicinity serving almost 11,000 students. A newly constructed 300,000 square foot Amazon Sortation Center is within walking distance of the property.

This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.