Aspen Dental NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

| by the Investment Grade Team

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This page tracks Aspen Dental net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Aspen Dental credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Aspen Dental is not investment grade. ADMI Corp / The Aspen Group carries issuer rating of B- from S&P Global Ratings: below the BBB-/Baa3 investment grade threshold. Ratings checked September 27, 2026. Ratings change; confirm before relying on any figure here. See the Aspen Dental credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.

11 Aspen Dental NNN properties observed for sale across 8 states as of October 9, 2026. Median asking cap rate 6.25% (range 5.35% to 7.25%). Median asking price $2.68M. Average remaining lease term 6.5 years (among 7 listings that state a term). Median building 3,500 SF. Figures update automatically from listing broker materials.

Aspen Dental is not investment grade. ADMI Corp / The Aspen Group carries issuer rating of B- from S&P Global Ratings: below the BBB-/Baa3 investment grade threshold. Ratings checked September 27, 2026. See the investment grade credit tenant ratings table.

Aspen Dental NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Aspen Dental properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

LocationAsking PriceCap RateNOITerm LeftBuiltLease
Greenville, NC$2,793,5227.25%$202,530n/an/aNot statedGet full property data
Moncks Corner, SC$2,679,1855.65%$151,374n/a2026Not statedGet full property data
Whiteville, NC$3,063,0006.00%$183,750n/a2026Not statedGet full property data
Overland, MO$3,024,0006.25%$189,000n/a2025Not statedGet full property data
Somerset, KY$1,944,9846.30%$112,534
implies 5.79%; verify
8.0 yrs1990NNGet full property data
Merced, CA$3,397,5275.50%$186,86410.0 yrs2026NNNGet full property data
Niles, MI$2,288,4466.50%$148,74910.1 yrs2026NN+Get full property data
Suffolk, VA$2,646,8756.40%$169,4004.1 yrs2019Not statedGet full property data
Mount Pleasant, MI$2,488,3206.25%$155,5202.8 yrs2019NNGet full property data
Stockton, CA$3,000,0005.35%$161,0006.1 yrsn/aNetGet full property data
Kingsport, TN$1,920,0006.25%$120,0004.4 yrs1999NNGet full property data

Search all 11 Aspen Dental properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

Get new Aspen Dental listings in your cap rate band

New Aspen Dental net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.

Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.

What You Are Actually Buying

Aspen Dental offices operate under a supported practice model where a management entity, not the treating dentist, typically holds the lease. The organization is owned by private equity and is leveraged, so the obligor entity and any guaranty behind it deserve careful reading.

Buildings run roughly 3,000 to 10,000 square feet depending on format, often purpose-built with plumbing, electrical and mechanical systems specific to clinical use. That specificity cuts both ways: it raises tenant relocation cost, which supports renewal, and it narrows the second-generation tenant pool if the tenant does leave.

Across the current inventory, roughly 56% of listings with a reported build year were delivered in the last four years, and about 45% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Aspen Dental Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

Asking Cap Rate BandListingsShareAvg Asking Price
5.00% to 5.49%19%$3.00M
5.50% to 5.99%218%$3.04M
6.00% to 6.49%655%$2.51M
6.50% to 6.99%19%$2.29M
7.00% and above19%$2.79M
Asking Price BandListingsShareAvg Cap Rate
$1.5M to $2.5M436%6.33%
$2.5M to $3.5M764%6.06%
Remaining Lease TermListingsAvg Cap Rate
Under 5 years36.30%
5 to 10 years25.83%
10 to 15 years26.00%
Lease Type (as marketed)Listings
Not stated5
NN3
Net1
NN+1
NNN1

How to read the pricing

The spread inside the Aspen Dental inventory runs from 5.35% to 7.25%, against a median of 6.25%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Aspen Dental NNN Properties Are For Sale

Current inventory spans 8 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

StateListingsAvg Cap RateAvg Asking Price
CA25.43%$3.20M
MI26.38%$2.39M
NC26.63%$2.93M
MO16.25%$3.02M
VA16.40%$2.65M
SC15.65%$2.68M
KY16.30%$1.94M
TN16.25%$1.92M

Aspen Dental as a 1031 Exchange Replacement Property

The median asking price in the current Aspen Dental inventory is $2.68M, and about 100% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

  • Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
  • Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage.
  • Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
  • Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Aspen Dental NNN Due Diligence Checklist

These are the items that change the value of an Aspen Dental listing and are rarely resolved by the offering memorandum.

  • Obligor and sponsor. Many operators in this category are owned by private equity firms and carry leveraged balance sheets. Establish the exact obligor entity and what stands behind it.
  • Reimbursement exposure. Clinical operators are sensitive to payer mix and reimbursement policy. Understand the revenue model behind the rent.
  • Clinical build-out and reuse. Quantify the cost to convert the space to nonclinical use and who owns the improvements at expiration.
  • Term, options and escalations. Verify remaining term, escalation schedule and option structure.

How Investment Grade Works With Aspen Dental Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On an Aspen Dental acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Aspen Dental properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

How many Aspen Dental NNN properties are for sale right now?

As of October 9, 2026, 11 single-tenant Aspen Dental net lease properties are observed for sale across 8 states. The count updates automatically as listings are added and removed.

Is Aspen Dental investment grade?

ADMI Corp / The Aspen Group carries issuer rating of B- from S&P Global Ratings: below the BBB-/Baa3 investment grade threshold. Ratings checked September 27, 2026.

What cap rate do Aspen Dental NNN properties sell at?

The current median asking cap rate is 6.25%, with the inventory ranging from 5.35% to 7.25%. Longer term, stronger markets and absolute NNN structures price at the tight end.

How much does an Aspen Dental NNN property cost?

The median asking price in the current inventory is $2.68M, with listings from $1.92M to $3.40M. About 100% fall between 1.5 and 3.5 million dollars.

Who signs the lease on an Aspen Dental property?

Aspen Dental offices operate under a supported practice model where a management entity, not the treating dentist, typically holds the lease. The organization is owned by private equity and is leveraged, so the obligor entity and any guaranty behind it deserve careful reading.

Working an Aspen Dental acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.

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