214.915.8890 JOE CAPUTO [email protected]BOB MOORHEAD [email protected]RUSSELL SMITH [email protected]property. 3,200+ SF building on 1.27+ acre site. tenant. Aspen Dental: With more than 420 locations and 4,200 employees in 27 states. $500 million in revenue in 2012. lease structure. 10-year, corporate, net lease with 3, 5-year options to renew and 10% rent increases every 5-years during the primary term and options. location. The subject property is located off of Interstate 35 (33,600 Cars / Day) at the intersection of 12th Avenue and Holiday Drive. This visibility has brought extensive retail and business development to the immediate trade area. The subject property is across 12th Avenue from a Lowe’s Home Improvement and near a Walmart Supercenter. The site is also just west of Mountain View Mall which is anchored by JCPenney and Hobby Lobby. Other nearby retailers include Staples, Petco, Hibbett Sports, Ross, CVS, Walgreens, Radio Shack, and Starbucks. Site is across Interstate 35 from a Best Buy distribution facility and a Michelin tire plant. Ardmore, OK is equidistant (90 miles) between Dallas and Oklahoma City. EXCLUSIVE OFFERING | $1,475,000 – 7.00% CAP ASPEN DENTAL 12th Avenue & Holiday Drive, Ardmore, OK REPRESENTATIVE PHOTO
tenant. Aspen Dental: With more than 420 locations and 4,200 employees in 27 states. $500 million in revenue in 2012.
lease structure. 10-year, corporate, net lease with 3, 5-year options to renew and 10% rent increases every 5-years during the primary term and options.
location. The subject property is located off of Interstate 35 (33,600 Cars / Day) at the intersection of 12th Avenue and Holiday Drive. This visibility has brought
extensive retail and business development to the immediate trade area. The subject property is across 12th Avenue from a Lowe’s Home Improvement and near
a Walmart Supercenter. The site is also just west of Mountain View Mall which is anchored by JCPenney and Hobby Lobby. Other nearby retailers include
Staples, Petco, Hibbett Sports, Ross, CVS, Walgreens, Radio Shack, and Starbucks. Site is across Interstate 35 from a Best Buy distribution facility and a Michelin
tire plant. Ardmore, OK is equidistant (90 miles) between Dallas and Oklahoma City.
EXCLUSIVE OFFERING | $1,475,000 – 7.00% CAP
ASPEN DENTAL
12th Avenue & Holiday Drive, Ardmore, OK
REPRESENTATIVE PHOTO
EXP Realty Advisors, Inc. (“Agent”) has been engaged as an agent for the sale of the
property located at 12th Avenue & Holiday Drive, Ardmore, OK by the owner of the Property
(“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller
and Agent make no representations or warranties as to the accuracy of the information
contained in this Offering Memorandum. The enclosed materials include highly confidential
information and are being furnished solely for the purpose of review by prospective
purchasers of the interest described herein. The enclosed materials are being provided
solely to facilitate the prospective investor’s own due diligence for which it shall be fully and
solely responsible. The material contained herein is based on information and sources
deemed to be reliable, but no representation or warranty, express or implied, is being made
by Agent or Seller or any of their respective representatives, affiliates, officers, employees,
shareholders, partners and directors, as to the accuracy or completeness of the information
contained herein. Summaries contained herein of any legal or other documents are not
intended to be comprehensive statements of the terms of such documents, but rather only
outlines of some of the principal provisions contained therein. Neither the Agent nor the
Seller shall have any liability whatsoever for the accuracy or completeness of the
information contained herein or any other written or oral communication or information
transmitted or made available or any action taken or decision made by the recipient with
respect to the Property. Interested parties are to make their own investigations, projections
and conclusions without reliance upon the material contained herein. Seller reserves the
right, at its sole and absolute discretion, to withdraw the Property from being marketed for
sale at any time and for any reason. Seller and Agent each expressly reserves the right, at
their sole and absolute discretion, to reject any and all expressions of interest or offers
regarding the Property and/or to terminate discussions with any entity at any time, with or
without notice. This offering is made subject to omissions, correction of errors, change of
price or other terms, prior sale or withdrawal from the market without notice. Agent is not
authorized to make any representations or agreements on behalf of Seller. Seller shall
have no legal commitment or obligation to any interested party reviewing the enclosed
materials, performing additional investigation and/or making an offer to purchase the
Property unless and until a binding written agreement for the purchase of the Property has
been fully executed, delivered, and approved by Seller and any conditions to Seller’s
obligations hereunder have been satisfied or waived. By taking possession of and
reviewing the information contained herein, the recipient agrees that (a) the enclosed
materials and their contents are of a highly confidential nature and will be held and treated
in the strictest confidence and shall be returned to Agent or Seller promptly upon request;
and (b) the recipient shall not contact employees or tenants of the Property directly or
indirectly regarding any aspect of the enclosed materials or the Property without the prior
written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be
copied or otherwise reproduced without the prior written authorization of Seller and Agent.
LISTED IN ASSOCIATION WITH OKLAHOMA BROKER OF RECORD:
Initial Lease Term: 10-year term with 3, 5-year options to extend
Rent Increases: 10% every 5-years through term and options
Year 1-5 Annual Rent (Current): $103,200
Lease Type: Net Lease
Year 6-10 Annual Rent: $113,535
Year 11-15 Annual Rent (Option 1): $124,896
Year 16-20 Annual Rent (Option 2): $137,376
Lease overview
Year 21-25 Annual Rent (Option 3): $151,104
Aspen Dental | www.aspendental.com
Aspen Dental, is one of the largest and fastest-growing providers of denture and dental care services in the U.S., and is committed to providing patients with
affordable, high quality care. Aspen Dental’s history started in Syracuse, New York, at a dental lab called Upstate Dental, which began operations in 1964. As of
2012, Aspen Dental serves approximately 2 million dental patients at more than 420 office locations in 27 states. Through 2015, Aspen Dental is scheduled to
open 55 new offices each year throughout various locations in the United States, with new markets in 2013 including Alabama, Oklahoma, and Georgia.
Aspen Dental practices follow a patient-driven retail model that feature visible locations in highly trafficked retail centers, affordable and comprehensive dental
care, and convenient payment options. Aspen Dental Management Inc., Aspen Dental’s integrated business support service, provides a broad range of non-
clinical services, including human resources, and accounting. This allows dentists to spend more time caring for their patients and less time on the administrative
and financial aspects of running a successful dental practice.
Each office has certified oral hygienists, dentists and oral surgeons for general dental care. Aspen Dental will provide patients with a full range of denture and
dental services, including hygiene, oral surgery, fillings, whitening and crown and bridge work. Aspen Dental is the only authorized provider of 8 styles of full and
partial hand-crafted ComfiDents® brand dentures.
With more than 420 locations in 27 states, Aspen Dental practices are nationally accredited by the Better Business Bureau (BBB). In 2012, Aspen Dental-branded
practices recorded nearly 2.6 million patient visits and welcomed more than 550,000 new patients.
Aspen Dental seeks A+ locations in major retail areas and looks for prime retail visibility, including maximum storefront and pylon signage opportunities, strong
traffic counts, great access, and ample, convenient parking. The dental profession is not affected by the same economic challenges many other retailers face.
More than 10 years experience building successful dental practices with 100% success rate. They have never closed a location. (Source: www.aspendental.com)
4
TENANT OVERVIEW CONTINUEDASPEN DENTAL
12th Avenue & Holiday Drive, Ardmore, OK
5
SITE PLANASPEN DENTAL
12th Avenue & Holiday Drive, Ardmore, OK
6
Aerial photoASPEN DENTAL
12th Avenue & Holiday Drive, Ardmore, OK
Veterans Boulevard (10,840 Cars / Day)
Mercy Hospital Ardmore
Distribution
Center
Tire Plant
12th Avenue
Ardmore High School
Ardmore Middle School
IMMEDIATE TRADE AREA
The subject property is located off of Interstate 35 (33,600 Cars / Day) near the
intersection of 12th Avenue and Holiday Drive. Interstate 35 is a major north-
south freeway that spans the continental US from Mexico to Canada. The
length, central location, and traffic volumes on Interstate 35 have caused the
road to earn the nickname “Main Street of America.”
This visibility has brought extensive retail and business development to the
immediate trade area. The subject property is across 12th Avenue from a
Lowe’s Home Improvement and near a Walmart Supercenter. The site is also
just west of Mountain View Mall which is anchored by JCPenney and Hobby
Lobby. Other nearby retailers include Staples, Petco, Hibbett Sports, Ross,
CVS, Walgreens, Radio Shack, and Starbucks.
Aspen Dental is close to some of the largest employers in Ardmore. The site is
across Interstate 35 from a Michelin tire plant that employs 1,900 people and a
Best Buy distribution center. The site is just west of Mercy Hospital Ardmore
which has approximately 900 employees. Ardmore High School (780
Students) and Ardmore Middle School (618 Students) are located to the
northeast of the subject property.
ARDMORE, OK / CARTER COUNTY
Ardmore is a business, cultural and tourism city in south central Oklahoma.
The city is the county seat of Carter County and has a population of 24,283.
Ardmore is located 90 miles equidistant from Oklahoma City and Dallas / Fort
Worth Metroplex at the junction of Interstate 35 and U.S. Highway 70, and is
generally considered the hub of the ten-county region in South Central
Oklahoma.
As a result of this hub status, Ardmore has a retail pull factor between 1.7 and
1.9. In addition to Best Buy, Dollar Tree and Dollar General also have
distribution centers located in Carter County. A Valero Refinery in northeast
Ardmore employs approximately 250 area residents. Ardmore is also home to
the Samuel Roberts Noble Foundation, which is among the nation's 50 largest
private foundations, and is primarily engaged in agricultural bioresearch
activities. Located just to the south of the Ardmore city limits on the Oklahoma-
Texas state line is the WinStar World Casino, which is owned by the
Chickasaw Nation. In 2001, East Jordan Iron Works opened a foundry located
at the Ardmore Industrial Airpark.
7
Location overviewASPEN DENTAL
12th Avenue & Holiday Drive, Ardmore, OK
DALLAS / FORT WORTH & OKLAHOMA CITY
As a result of Ardmore’s location along Interstate 35 and proximity to the Dallas
/ Fort Worth Metroplex and Oklahoma City, the city benefits greatly from close
economic integration with these urban areas.
The 2010 U.S. Census has the Dallas-Fort Worth Metroplex at a population
6,371,773. During the 12-month period from July 2008 to July 2009, the Dallas-
Fort Worth-Arlington metropolitan area gained 146,530 new residents, more
than any other metropolitan area in the United States. The area's population
has grown by about one million since the last census was administered in
2000. The Dallas–Fort Worth–Arlington MSA is, by population, the largest
metropolitan area in Texas, the largest in the South, the fourth-largest in the
United States, and the tenth largest in the Americas. The metropolitan area
has the sixth largest gross metropolitan product (GMP) in the United States,
and approximately tenth largest by GMP in the world. Dallas and its suburbs
also have one of the highest concentrations of corporate headquarters in the
United States.
The Oklahoma City Metropolitan Statistical Area (MSA) is a large urban region
located in the central part of the State of Oklahoma and currently has a
population of 1,322,429. It is often known as Oklahoma City Metro and
contains the state capital and principal city, Oklahoma City which has a
population of 591,967. The diversified economy of Oklahoma City includes
information technology, general services, health services, and administration
sectors in addition to the energy and government sector mainstays. The city
has two Fortune 500 companies: Devon Energy Corporation and Chesapeake
Energy Corporation, several others that are in the Fortune 1000, and a number
of large privately owned companies. Oklahoma City is also home to the
corporate headquarters of Sonic Drive-In, whose office building and corporate
restaurant is located in Bricktown, an intown neighborhood that has undergone
a renaissance in the last decade. Devon Energy began construction in 2009 on
a new 844-foot tall, 1,800,000 SF headquarters building in downtown
Oklahoma City.
According to the Oklahoma City Chamber of Commerce, the metropolitan
area's economic output grew by 33 percent between 2001 and 2005 due chiefly
to economic diversification. Its gross metropolitan product was $43.1 billion in
2005 and grew to $61.1 billion in 2009. In 2008, Forbes magazine named
Oklahoma City the most "recession proof city in America".
