Description

Aspen Dental at 4101 East Blue Grass Road offers a single-tenant healthcare investment in Mount Pleasant, Michigan. The 4,000-square-foot building is positioned on a 0.55-acre Target outlot and is offered at $2,488,320, reflecting a 6.25% capitalization rate on reported annual NOI of $155,520.

Built in 2019, the property is leased to Aspen Dental under a NN structure through April 30, 2029. The tenant is responsible for HVAC, common-area maintenance, taxes and insurance, while the landlord retains roof and structural obligations. The lease includes 8% rent increases every five years and three additional five-year renewal options.

The site occupies the northeast corner of US Highway 127 and East Blue Grass Road, where reported traffic exceeds 46,000 vehicles per day. It is adjacent to Central Michigan University and near major retailers including Target, Walmart Supercenter, Sam’s Club, ALDI and Menards.

The combination of a nationally established dental operator, corporate-backed tenancy, scheduled rent growth and strong retail-corridor visibility creates a focused healthcare investment opportunity.