7524 State Ave
Kansas City, KS 66112
Aspen Dental · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Aspen Dental in Kansas City, Kansas. The subject property is a brand new construction dental/medical office due to open in December 2019. The property features a 10-year corporate double net lease with Aspen Dental, one of the largest dental support organizations in the U.S. with more than 720 locations. The lease includes three 5-year options to extend the term, as well as 10% rental increases every 5 years, during both primary and option terms. The new construction nature of the building means that the Landlord’s responsibilities of roof & structure are significantly mitigated. The Property is located along State Avenue, a high-traffic, east-west arterial that connects to downtown Kansas City. The site features stand-alone visibility and street appeal along State Avenue and benefits from nearly 17,000 vehicles per day (VPD) passing the site. Additionally, Aspen Dental is well served by a trade area population of over 72,000 residents with in a 5-mile radius, with average household incomes of $63,000. The property is complemented by a host of adjacent “daily needs” retail, including: Price Chopper, Walgreens, Big Lots, and Marshalls.