Aspen Dental & Stanton Optical

THE OPPORTUNITY

• Net Lease ​
• Corporately guarantee​
• 10 Year Initial Term  through 2027​
• Aspen Dental operates 1,000 locations ​
• Stanton Optical operates 185+ locations ​
• Aspen Dental is one of the largest Healthcare Retailers in the country​
• Stanton Optical is an industry leader in eye care service​
• 10% Rent escalations in years 6 – 10 of each of the leases​
• Landlord Responsibilities:​
• Roof, Structure (further outline on page 6)​
• Three 5-year options​
• 10% Rent escalations in every renewal​​​​

THE HIGHLIGHTS

• Excellent visibility from both Johnston St and Ambassador Caffery Pkwy​
• Combined traffic counts at the intersection are 79,269 ADT​
• Center is located at the hard corner of the submarket​
• Multiple access points to both corridors and adjacent property​
• Area retailers include Sams, Hobby Lobby, Best Buy, and the Acadiana Mall​
• Constructed in 2017​
• Market rents in the submarket have grown by 5.5% in the past 12 months​
• Vacancies in the MSA are currently under the five-year average