Retail

Aspen Dental - Steubenville, OH

100 Mall Dr Steubenville, Ohio United States 43952-3092
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Lease Type NN
Current / Passing Rent
Lease Expiration 2025-06-30
Remaining Term 4 years, 7 months
Tenant Aspen Dental Management Inc.
Building Area
Land Area ()

Property Description

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Aspen Dental in Steubenville, OH. Aspen Dental exercised their first, five (5) year option last year, and still has two (2), five (5) year options remaining. The property is situated off Route 43 / Sunset Blvd – a main retail corridor in the area that boasts 24,150 VPD – and is surrounded by nationally recognized tenants such as Lowe’s, ALDI, Dick’s Sporting Goods, JCPenney, Texas Roadhouse, and WesBanco. Aspen Dental is also adjacent to a 24-hour Walmart Supercenter and is just 6 miles away from an 880,000 SF Walmart distribution center, indicating the brand’s strong presence in the area. Further, there is a multi-million-dollar entertainment center that is slated to open nearby this spring.

Investment Highlights

  • Aspen Dental exercised their first, five (5) year option last year, and still has two (2), five (5) year options remaining with an attractive, 25% rental increase approaching
  • The property is situated off Route 43 / Sunset Blvd – a main thoroughfare in the region which features more than 24,150 VPD
  • Aspen Dental is surrounded by other notable retailers such as Lowe’s, ALDI, Dick’s Sporting Goods, JCPenney, Texas Roadhouse and WesBanco; it is also adjacent to a 24-hour Walmart Supercenter and 6 miles away from an 880,000 SF Walmart distribution center, further driving consumers to the area
  • The location benefits from a population of over 41,000 within a 5-mile radius of the Subject Property and an average household income of $61,000
  • Steubenville, OH is located on the Ohio / Pennsylvania border and is located approximately 40 miles away from the Pittsburgh CBD
Last Updated Date: 02 Nov 2020
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details
NJ-1433421

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Last Updated Date: 02 Nov 2020

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