Aspen Dental

Aspen Dental

Aspen Dental
964 Highway 15 South
Hutchinson, MN 55350

$1,720,000

Cap Rate 7.07%
Gross Leasable Area (GLA) 3,500
Price Per Square Foot (GLA) $491.43
Year Built 2015
Lot Size .56 acres
  • 10-Year NN Lease
  • New 2015 Construction, Brick & Stone Exterior
  • Across from Hutchinson Health Hospital with Over 700 Employees and Brand New Walgreens
  • Prominent Hard Corner Location at Signalized Intersection with 13,800 Cars Per Day
  • Adjacent to Hutchinson Mall, a 125,000 SF Regional Mall Anchored by JC Penney and Dunham’s Sports
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Aspen Dental (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

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.

For More Information, Please Contact:

Dana Speer

Associate
813-387-4838
dana.speer@MarcusMillichap.com