Aspen Dental — Merced, CA (Comparable)
A California comparable used in Mike's June 20 cap-rate reply. Brand-new 2026 Aspen Dental at 3170 R St, Merced, within the Shoppes at Merced grocery-anchored power center. Corporate 10-year NNN lease (Aspen Dental Management, Inc. / The Aspen Group), rent commencing August 8, 2026, with 10% increases every five years. Price and cap rate were not present in the OM pages reviewed.
Key Facts¶
- Tenant: The Aspen Group — PE-backed, ~$4.2B revenue, 1,100+ locations.
- 40,459 VPD; newer-vintage CA dental comparable; price/cap TBD.