Aspen Shops | New 10-Yr Extension | Corporate Leases… — Sale in Grand Forks, ND

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Grand Forks, ND 58201
  • Year built: 2016

Photos

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Investment Figures

Cap rate
6.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Aspen Dental Management, Inc. (“ADMI”) provides administrative and business support services to Aspen Dental branded dental practices. Each Aspen Dental branded practice is owned and operated by a licensed dentist. Stanton Optical, a leading retail brand under Now Optics, is a national leader in affordable, full-service eye care. Through its flagship retail brand, Stanton Optical, Now Optics merges expert eye care with innovation to deliver a seamless, omni-channel experience. Chapter is a leading local med spa with a team of caring experts, skilled in the clinical practice of non-surgical treatments including injectables, laser hair removal, medical grade facials, and body contouring treatments. Grand Forks is the county seat of Grand Forks County and is North Dakota's third-largest city after Fargo and Bismarck, home to over 55,000 residents. Grand Forks is a vibrant, thriving community surrounded by rich farm country. Grand Forks, along with its twin city of East Grand Forks, Minnesota, forms the center of the Grand Forks metropolitan statistical area, which is often called Greater Grand Forks or the Grand Cities. Investment Highlights: • 100 Percent Leased - All Triple-Net Leases with Corporate Guarantees • Resilient Service-Based Retailers | All Three Tenants Provide Medical Services • Aspen Dental New 10-Year Extension | Commitment to Location • Aspen Dental and Chapter Medical Parent Company, The Aspen Group, is a Leading Healthcare Services Organization with Approximately 1,400 Locations in 46 States Across Five Brands • Densely-Populated Trade Area in Grand Forks - 82,327 Daytime Population within a Five-Mile Radius • Average Household Income Exceeds $91,000 within the Immediate Area • Situated in Grand Forks' Primary Retail Corridor, Anchored by: Columbia Mall, Target, Walmart, Sam's Club, Lowe's, and Menards • College Town Location, Less Than 10 Minutes from the University of North Dakota (Approximately 15,800 Students)

Market Context

This retail in Grand Forks, ND is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2016. Compare it against other retail listings for sale in Grand Forks, ND — view the full market.

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