Aspen Dental

Aspen Dental – Single Tenant Net Lease Investment
Dover MSA, DE | Freestanding Dental Office | Absolute NNN Lease | Passive Income Opportunity

This offering highlights a freestanding Aspen Dental office situated within the Dover metropolitan area in Delaware. The property is secured by a long-term absolute triple-net (NNN) lease, under which the tenant assumes full responsibility for all property expenses—taxes, insurance, maintenance, structural wear, utilities, landscaping, and repairs. Scheduled rent escalations every five years deliver built-in income growth, while the hands-off ownership structure provides fully passive cash flow. This asset aligns with investor searches for net lease investment properties, NNN properties for sale, single tenant net lease medical assets, and portfolio-building healthcare NNN lease investments in emerging but essential services markets.

Investment Highlights

• Leased to Aspen Dental under a long-term absolute NNN lease
• Tenant bears responsibility for all real estate expenses
• Rent increases scheduled every five years to protect income
• Custom-built dental facility with approximately 3,500–5,000 square feet
• Prime visibility on a high-traffic arterial road near major retail and commercial nodes
• Ample parking, ADA-friendly access, and optimized patient convenience
• Close proximity to hospitals, pharmacies, medical offices, schools, and residential neighborhoods
• Ideal for investors seeking passive income, 1031 exchange eligible assets, and healthcare-oriented net lease properties

Tenant Overview

Aspen Dental ranks among the nation’s largest dental support organizations (DSOs), operating over 1,000 locations nationwide. By combining centralized administrative and operational support with independent dentist leadership, the model supports scalability, consistency, and brand alignment. Aspen Dental locations are typically built in underserved or expanding markets and are known for their recurring-care revenue streams—spanning routine checkups, implants, dentures, and orthodontics—making them attractive to investors in the NNN medical real estate segment.

This lease is absolute NNN: Aspen Dental covers every cost related to facility ownership, freeing investors from capital outlays or management duties. With structured five-year escalations and multiple renewal options available, the lease provides long-term stability and value protection.

Lease Summary

• Lease Type: Absolute triple-net (NNN)
• Remaining Lease Term: Approximately 10–15 years
• Rent Escalations: Every five years
• Renewal Options: Multiple five-year extensions available
• Landlord Responsibility: None

This structure supports investor priorities like passive income, clear underwriting, and hedged cash flow.

Market Overview – Dover MSA

Dover is the capital city of Delaware, with a metro population around 110,000. The region is economically diverse, drawing from government, defense, agriculture, education, transportation, and healthcare. Dover Air Force Base is a major regional employer, and nearby medical centers and retail developments support strong daytime population. The local economy remains resilient, supported by institutional employers and steady population growth in suburban and exurban areas.

The Dover market has seen expanding residential zones, shopping centers, schools, and service facilities. Limited availability of freestanding medical/dental facilities makes this Aspen Dental a strategic asset in a trade area with consistent demand.

Site Features

• Freestanding dental clinic with modern exterior and dental-grade finishes
• Dedicated parking with ADA-accessible spaces and patient pickup/drop-off area
• Clear, high visibility location near a signalized intersection
• Vehicles access the site via dual driveways for patient flow optimization
• Nearby anchors include grocers, pharmacies, hospitals, banks, schools, and fast-casual dining
• Situated near home-building neighborhoods, growing suburban communities, and institutional employers

These design and location features ensure patient convenience and ease of access—key factors for dental clinic utilization.

Trade-Area Demographics

Within a five-mile radius:

• Population between 60,000 and 80,000 residents, with gradual growth
• Median household income at or above regional average, supported by dual-income families and military households
• Employment focused in government, defense, healthcare, retail, and education
• Mix of homeowners, renters, working families, retirees, and military-affiliated households
• Local daytime population supported by hospital and base personnel, students, and government staff

The demographics support recurring dental demand, including preventive care and elective services.

Patient Demand Drivers

Key drivers for clinic utilization include:

• The recurring appointment model (checkups, cleanings, implants, dentures)
• Stable and growing population from base families and suburban expansion
• Limited dental competition in freestanding clinic formats
• Established institutional and community support for local health care providers
• caregiver and eldercare trends that require regular dental services

These factors create a diversified and resilient source of patient volume.

Income Profile and Escalations

With rent escalations every five years, net operating income remains protected from inflation and growing over time. Because the tenant bears all operating and capital expenses, ownership enjoys uninterrupted income—making this an appealing asset for 1031 users, private investors, and institutional capital under predictable financial models.

Ideal Buyer Profile

This Aspen Dental property is well-suited for:

• 1031 exchange investors needing passive, income-producing assets
• Private capital seeking credit-backed medical real estate
• Institutional buyers or REITs looking for defensive NNN assets in smaller metros
• Family offices or high-net-worth individuals building stable income portfolios
• Conservative investors seeking healthcare tenancy with minimal hands-on requirements

With strong tenancy, structure, and demographics, this asset meets rigorous investment criteria.

Healthcare Net Lease Trends

Medical and dental properties featuring absolute NNN leases are in high demand for their necessity-based tenancy, reuse potential, and lease longevity. Aspen Dental has become a recognized brand in these transactions, especially valuable in markets with minimal competing inventory. These assets provide stability and liquidity for owners seeking low-volatility income.

Conclusion

This freestanding Aspen Dental in the Dover MSA delivers a strong net lease investment profile: absolute NNN lease backing, rent escalations, modern dental facility, ideal trade area positioning, and no landlord responsibilities. With repeat patient demand from suburban households, institutional employers, and military-affiliated families, this asset provides long-term passive returns. It is an excellent addition for investors seeking healthcare-anchored NNN investments, 1031 exchange replacements, or defensive real estate holdings in secondary markets.