ASPEN DENTAL OF SPRINGFIELD, MA

ASPEN DENTAL OF SPRINGFIELD, MA

1356 BOSTON ROAD, SPRINGFIELD, MASSACHUSETTS 01119

STEVEN PELITERE | SENIOR VICE PRESIDENT

Email: steven@ Direct: (469) 513-1323 Cell: (817) 676-4540

NET LEASE GROUP

ASPEN DENTAL SPRINGFIELD, MASSACHUSETTS

PROPERTY OVERVIEW

1356 BOSTON ROAD, SPRINGFIELD, MASSACHUSETTS 01119

STEVEN PELITERE

SENIOR VICE PRESIDENT

EMAIL: steven@

DIRECT: (469) 513-1323 | CELL: (817) 676-4540

TABLE OF CONTENTS

04

INVESTMENT OVERVIEW

05

INVESTMENT HIGHLIGHTS

06

PRICING & FINANCIALS

07

NET LEASE STRUCTURE

08

LOCATION OVERVIEW

10

CORPORATE GUARANTEE

11

TENANT OVERVIEW

12

OUR TEAM

STEVEN PELITERE

VICE PRESIDENT Email: steven@

Direct: (469) 513-1323 Cell: (817) 676-4540

INVESTMENT OVERVIEW ASPEN DENTAL OF SPRINGFIELD, MA

INVESTMENT OVERVIEW. Peranich Huffman Net Lease Group is pleased to offer for sale, the single-tenant net leased Aspen Dental of Springfield, MA. Built to suit in 2006, the 4,000 square foot, freestanding dental office operates five days a week.

LEASE TERM. Aspen Dental Management recently extended its lease for five years for the second time. The lease is signed by the corporate entity, Aspen Dental Management, Inc

ABOUT THE TENANT. The Lessee, Aspen Dental Management, Inc. (ADMI), was established over 20 years ago and is one of the largest and fastestgrowing dental support organizations (DSO) in the U.S. ADMI provides administrative and business support services to Aspen Dental branded dental practices. The company currently has a credit rating of B | Stable from Standard & Poor's.

PROPERTY OVERVIEW

Address

1356 Boston Road

Tenant

Aspen Dental

Corporate Entity

Aspen Dental Management, Inc

Lease Term Remaining

6 Years

Lease Expiration Date

4/30/2026

Year Built

2006

Total Rentable Area

4,000 SF

Purchase Price

$1,325,333

CAP

7.50%

NOI

$99,400

Steven Pelitere | Direct: (469) 513-1323 Cell: (817) 676-4540

Aspen Dental of Springfield, MA | Page 4

INVESTMENT HIGHLIGHTS ASPEN DENTAL OF SPRINGFIELD, MA

Newly Executed Lease Extension Strong Local Demographics Property Management Fee Paid to Landlord

Steven Pelitere | Direct: (469) 513-1323 Cell: (817) 676-4540

Located on High Traffic Corridor National Credit Lessee Established Operation

Aspen Dental of Springfield, MA | Page 5

PRICING & FINANCIALS ASPEN DENTAL OF SPRINGFIELD, MA

$ PURCHASE PRICE $1,325,333

%CAP RATE 7.50%

NOI $99,400

Steven Pelitere | Direct: (469) 513-1323 Cell: (817) 676-4540

Aspen Dental of Springfield, MA | Page 6

NET LEASE STRUCTURE

ASPEN DENTAL OF SPRINGFIELD, MA

LANDLORD'S RESPONSIBILITIES

Expense Category Exterior Structure Roof HVAC

Tenant's Responsibility

Landlord's Responsibility

Landlord shall maintain in good condition and repair, during the Term, the exterior of the Premises and the Building, and all structural components thereof, including, without limitation, the roof but not mechanical services. Landlord shall, at it's sole expense, make all alterations, improvements, or additions to the exterior of Premises, the Building, and the Common Areas that may be required on account of any existing or future laws or regulations, including, without limitation, the Americans with Disabilities Act (other than nonstructural interior alterations, improvements, or additions to the Premises solely occasioned or required by the specific, not simply the general, nature of the business of Tenant and its permitted assigns). Due to the neighboring properties limited street frontage, the City of Springfield Massachusetts requires a condo association be in place for the property. Annual condominium dues are $600 per year and are put toward the parking lot's shared entrance. This amount has been deducted from the total annual rent of $100,000.

Janitorial

Parking Lot

Landscaping

Taxes

Insurance

Utilities

The table above represents the financial responsibility of the expense categories.

NET LEASE GROUP

TENANT'S RESPONSIBILITIES

Tenant, at its sole expense, shall keep the following parts of the Leased Premises in good repair and shall replace same if necessary: the entire interior of the Leased Premises, including, but not limited to, all plumbing, electrical, heating, ventilating and air conditioning facilities which are in or supplied to the Leased Premises and, all pipes, wiring, motors and other equipment used in connection therewith that exclusively serve the Leased Premises, all doors, door moldings and frames, all windows, ceilings, floor coverings, interiors of all walls, and all appliances, meters, fixtures and equipment located in the Leased Premises, reasonable wear and tear and damage by fire or other casualty excepted. Tenant shall be responsible for providing, and agrees to provide, janitorial services to the Premises consistent with those provided in buildings similar in quality to the Building.

Tenant shall maintain with respect to the Leased Premises, throughout the term of this Lease, a comprehensive general and public liability insurance policy. Tenant shall, at its sole cost and expense, pay or cause to be paid all charges (including any deposits) for gas, electricity, telephone or other services or utilities (other than water and sewer) furnished to the Premises or to Tenant with respect to its operations therein during the Term to the extent that such utilities shall be separately metered and/or directly billed to Tenant by the respective utilities.

Property Management Fee: Tenant shall pay Landlord an administration fee of 7.5% of CAM.

Steven Pelitere | Direct: (469) 513-1323 Cell: (817) 676-4540

Aspen Dental of Springfield, MA | Page 7

LOCATION OVERVIEW ASPEN DENTAL OF SPRINGFIELD, MA

Steven Pelitere | Direct: (469) 513-1323 Cell: (817) 676-4540

Aspen Dental of Springfield, MA | Page 8

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