•	The tenant recently signed a brand new 10-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
•	The lease is corporate signed by Aspen Dental Management, Inc., committed to providing a wide range of general dentistry services across 1,000+ locations
•	The lease features a 10% rental increase in LY 6, and 8% rental increases at the beginning of each option, growing NOI and hedging against inflation
•	This Aspen Dental location sits on a rare, 1.1 acre parcel, generating a future value add opportunity as the Typical Aspen Dental Model generally occupies 0.6-0.8 acres of land

Offering Memorandum

•	Aspen Dental is strategically fronting US Hwy 27 averaging 57,500 vehicles per day
•	US Hwy 27 is the primary thoroughfare serving the Haines City with national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more
•	A new subdivision and Publix-anchored shopping center is under construction which will add 2,816 single-family homes and 438 townhomes to the area
•	Currently, there are 10 subdivisions under development. City leaders said affordable homes and location makes Haines City an ideal location for new residents
•	The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Winn-Dixie, ALDI, Dollar General Market, and more

Haines City, FL - Aspen Dental

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Jarrett Slear joined SRS Real Estate Partners in 2023 as Patrick Nutt’s lead analyst on the Florida Capital Markets team. During this time, he played a pivotal role in underwriting single-tenant properties, single-tenant portfolios, and several multi-tenant assets for both institutional and developer clients. As an analyst, Jarrett underwrote more than 500 assets, exceeding $1 billion in total property value. Since transition into brokerage, he’s successfully closed more than 60 transactions, exceeding $115 million in sales volume. Jarrett specializes in seller and buyer representation, with an extensive track record in the disposition of single-tenant retail assets, including QSR, banks, and vacant or distressed properties that present a value-add component through repositioning or redevelopment. Jarrett began his commercial real estate career in the summer of 2021 as an acquisitions and dispositions intern for a publicly traded REIT in Greater Philadelphia. This was followed by a full-time analyst role with the NNN Pro Group’s institutional coverage team in Manhattan, NY, prior to joining SRS.Jarrett graduated from Plymouth State University, where he was a member of the men’s NCAA ice hockey program. He holds a B.S in business administration with a minor in professional sales.

Jarrett Slear

Capital Markets

Investment Offering

Haines City, FL - Aspen Dental

Description

Location

Documents & Links

Contact

Connor Barton

Patrick Nutt

William Wamble