|Gross Leasable Area (GLA)||3,500|
|Price Per Square Foot (GLA)||$491.43|
|Lot Size||.56 acres|
Marcus & Millichap is pleased to announce the sale of a freestanding Aspen Dental in Hutchinson, Minnesota, approximately 60 miles West of Minneapolis. Aspen Dental will occupy a brand new 3,500 square-foot building on 0.56 acres and has signed a new 10-year NN lease with 10% increases every five years, including in each of the two, 5-year options.
Aspen Dental is located on the hard corner and signalized intersection of Main Street and Grace Road, with Main Street being Hutchinson’s primary retail corridor with 13,800 cars per day. The property is directly across from a brand new Walgreens and the Hutchinson Mall, which is anchored by JC Penney, Dunham’s Sports and Joann Fabrics. Additional big box retailers in the immediate trade area also include Walmart Supercenter, Target, Menards and Best Buy. Aspen Dental is ½ mile from Ridgewater College with 5,500 students and less than 1 mile from 3M’s Hutchinson plant, Hutchinson’s largest employer with 2,900 employees. Aspen Dental is also across from the Hutchinson Health Hospital with over 700 employees.