Aspen Dental

Aspen Dental – Single Tenant Net Lease Investment
Greenville–Anderson MSA, SC | Freestanding Dental Office | Absolute NNN Lease | Passive Income Opportunity

This offering features a freestanding Aspen Dental clinic located in the thriving Greenville–Anderson metropolitan area of South Carolina. The property is under a long-term absolute triple-net (NNN) lease, placing all property expenses—including real estate taxes, insurance, maintenance, structural repairs, landscaping, and utilities—squarely on the tenant. Scheduled rent escalations occur every five years, ensuring inflation-protected income. The absolute net structure delivers fully passive cash flow without landlord obligations, appealing to investors targeting net lease investment properties, NNN properties for sale, single tenant net lease assets, and medical or dental NNN lease investments in growing Southeastern secondary markets.

Investment Highlights

• Leased to Aspen Dental under a long-term absolute NNN lease
• Tenant assumes all property operation and capital costs
• Scheduled 5-year rent escalations provide income growth
• Freestanding building built to modern medical/dental standards
• Located on a high-traffic commercial corridor in the Greenville–Anderson MSA
• Ample parking, dual access points, and professional landscaping
• Surrounded by retailers, medical centers, fast-casual restaurants, banks, schools, and residential developments
• Suited for investors seeking passive income, 1031 replacement assets, or healthcare-anchored real estate investments

Tenant Overview

Aspen Dental is one of the nation’s largest Dental Service Organizations (DSOs), operating over 1,000 locations. Through its DSO model, it supports affiliated dental practices with administrative, marketing, and operational services, while maintaining consistent clinical delivery. Known for its stability and recurring care model—providing routine cleanings, implants, braces, dentures, and more—Aspen Dental is widely regarded as a reliable tenant in net lease investing. Its strong site economics, professional staffing, and long-duration leases make it a prime candidate for passive real estate investments.

Under the absolute NNN lease format, Aspen Dental is responsible for all property costs, ensuring the landlord enjoys a clean, fixed income stream. Scheduled escalations every five years—and multiple available renewal options—provide upside and tenant longevity.

Lease Summary

• Lease Type: Absolute NNN
• Terms Remaining: Approximately 10–15 years
• Scheduled Rent Increases: Every five years
• Renewal Options: Multiple five-year extensions
• Landlord Obligations: None

This structure aligns with investor profiles seeking long-term visibility, zero operational exposure, and predictable returns.

Market Overview – Greenville–Anderson MSA

The Greenville–Anderson metro region is emerging as a premier Southeastern economic hub, experiencing rapid growth and diversification. Anchored by expanding manufacturing, advanced logistics, healthcare innovation, education, and technology industry clusters, the area supports over 750,000 residents. Major employers include BMW Manufacturing, Michelin, Prisma Health, Electric Boat, South Carolina Technology & Aviation Center, and Clemson University’s research partners. Downtown Revitalization and infrastructure investment have also expanded office, housing, retail, and healthcare corridors across Greenville, Spartanburg, Anderson, and surrounding counties.

As a result, medical services demand has grown steadily, aided by demographic drivers—including an aging population, increasing family health care needs, rural care access trends, and employer contributions. Consumer preferences for accessible, quality dental care reinforce the location’s attractiveness for Aspen Dental. Rapid residential development, school enrollment increases, and traffic counts on area arterials signal strong continuity in local trade.

Site Features

• Modern single-tenant medical/dental facility
• Freestanding building designed to professional standards with upgraded exterior finishes
• Ample asphalt parking with ADA-accessible spaces
• Clear monument and building signage visible to high-volume vehicular traffic
• Multiple drive-in access points from main and secondary roads
• Walking proximity to a diverse retail and service environment—grocery, medical, pharmacy, restaurants, banks, salons, and fitness
• Located on a signalized corner with strong traffic flow and growing commuter patterns

These features support high patient accessibility, streamlined visit experiences, and tenant retention.

Trade‑Area Demographics

Within a five-mile radius:

• Population exceeds 150,000 residents, with steady growth
• Median household income above regional averages
• Mix of professionals, families, retirees, and university-related households
• Employment driven by medical, education, manufacturing, and logistics sectors
• Daytime foot traffic elevated by clinic staff, university/college attendees, and corporate employees
• Residential expansion includes single-family subdivisions and multifamily projects in development pipelines

These indicators support Aspen Dental’s performance model through both new patient acquisition and recurring care.

Consumer & Market Drivers

• Aging population with increasing dental care needs (implants, dentures, cosmetic procedures)
• Growing families requiring pediatric and general dentistry
• Demand generated from existing clinics expanding services or ceding patient base
• Enhanced local branding and marketing efforts through Aspen’s support infrastructure
• Limited competing national dental offices in immediate corridor—creating catchment advantage

This combination points to reliable appointment volume and clinic stability.

Income Escalations & Cash Flow Profile

With scheduled escalations every five years, net operating income is compounded and partially hedged against inflation. Because it is an absolute NNN lease, all operating costs are tenant-borne. This provides the landlord with uninterrupted rental income and no capital outlay, making the property attractive for passive investors focusing on return clarity and structural simplicity.

Target Buyer Profiles

This Aspen Dental location is ideal for:

• 1031 exchange investors seeking passive income replacement assets
• Institutional or fund buyers targeting high-quality healthcare NNN investments
• Private wealth, family offices, or single-family investors targeting healthcare tenancy
• REITs expanding portfolios into defensible, credit-tenant net lease real estate
• Strategic capital allocators aiming for stable, middle-market assets

With Aspen Dental’s credit profile, strong demographic setting, and structural benefits of absolute net tenancy, this property satisfies demand for low-volatility investments.

Healthcare NNN Market Trends

Healthcare tenants—particularly medical, dental, and senior care—have become preferred in the net lease marketplace due to recurring revenue streams, high reuse value, necessity-driven tenancy, and stable site viability. Aspen Dental, specifically, holds strong buyer demand due to its nationwide footprint, multi-year lease terms, and ability to maintain tenancy through brand-level support.

Freestanding medical/dental assets with absolute NNN agreements are limited in national supply, further strengthening investor interest and pricing valuation insulating.

Conclusion

This Aspen Dental property in the Greenville–Anderson MSA offers a prime net lease opportunity facilitated by strong fundamentals: credit-backed tenancy, absolute NNN balance, rental escalation protection, robust trade demographics, and superior site positioning in a high-growth secondary metro. The property delivers a hands-off income profile suited for passive investment, 1031 exchange replacement, or long-term portfolio strategy.

If you are targeting healthcare net lease assets, single tenant net lease investments, or defensive commercial real estate in vibrant Southeast markets, this Aspen Dental is a compelling, operationally simple addition meeting high-yield and low-risk portfolio standards.