Listing Summary
Single-tenant Aspen Dental NNN pad site for sale in Mount Pleasant, MI for $2,488,320. 6.25% cap rate, Target outparcel near Central Michigan University.
Full Description
Single-Tenant Aspen Dental NNN Investment | Target Pad Site | Mount Pleasant, MI
An exceptional net-leased commercial real estate opportunity is now available in Mount Pleasant, Michigan, priced at $2,488,320. Offered at a 6.25% capitalization rate with an annual net operating income (NOI) of $155,520, this 4,000-square-foot Class B retail property is 100% occupied by Aspen Dental, a premier national healthcare tenant with over 1,100 locations nationwide. Built in 2019, the modern single-story building sits on a high-exposure 0.55-acre parcel directly outparceled to Target, making it an ideal acquisition for 1031-exchange investors seeking stable cash flow in a proven college-town market.
Investment & Property Snapshot
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Offering Price: $2,488,320
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Cap Rate: 6.25%
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Net Operating Income (NOI): $155,520
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Price Per Square Foot: $622.08/SF
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Tenant: Aspen Dental (Single-Tenant NNN)
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Term Remaining: 3+ Years Firm Initial Term
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Building Size: 4,000 SF (Class B Commercial Retail)
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Year Built: 2019
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Lot Size: 0.55 Acres (0.17 FAR)
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Street Frontage: 122 Feet along South Mission Street
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Sale Conditions: Ideal 1031 Exchange Acquisition
Key Investment Highlights
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Nationally Recognized Anchor Tenant: Leased to Aspen Dental, one of the fastest-growing dental support organizations in North America with more than 1,100 operational practices.
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Premier Target Pad Site: Occupies a prime outparcel position directly in front of Target at the major intersection of US Highway 127 and E Blue Grass Road, exposing the asset to over 46,000 vehicles per day (VPD).
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Modern 2019 Construction: Built in 2019 with durable, high-quality Class B finishes tailored specifically for high-capacity medical and dental use, minimizing long-term structural maintenance risks.
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Turnkey NNN Structure: Triple-net lease agreement ensures passive management for hands-off individual or institutional investors.
Strategic Mount Pleasant Location & Regional Drivers Located directly on South Mission Street with 122 feet of direct road frontage, the asset benefits from high foot traffic and continuous vehicular exposure. The site is situated immediately adjacent to Central Michigan University (CMU)—a major Division-1 public institution enrolling over 14,000 students—providing a consistent, recurring local customer base.
The immediate trade area represents Mount Pleasant's core commercial engine, surrounded by dominant national retailers including Walmart Supercenter, Sam’s Club, ALDI, Kohl’s, Menards, DICK's Sporting Goods, T.J. Maxx, Hobby Lobby, PetSmart, and Big Lots, alongside high-volume quick-service options like Starbucks, Chipotle, and Panera Bread. Additional regional traffic drivers such as the Soaring Eagle Casino & Resort and Isabella County Event Center further bolster consumer activity across the corridor.
Quick Glance
- Listing ID:
CL-Michigan-28418
- Status:
Active
- Year Build:
2019
- Building Size:
4,000 SqFt
- Lot Size:
0.55 Acr
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