Aspen Dental

• Greenville North Carolina MSA I Walmart Outparcel: Positioned at a signalized intersection as an outparcel to Walmart Supercenter, the Property benefits from exceptional visibility, convenient access, and significant traffic within one of Greenville’s most established retail corridors. Furthermore, the property is shadow-anchored by Target, Trader Joe’s, Best Buy, Petco, and numerous other national retailers, creating a concentrated retail destination that drives consistent consumer activity throughout the immediate trade area.
• Strong Demographics & Growing Trade Area: More than 78,497 residents with an average household income of $81,120 reside within a five-mile radius of the Property, providing a substantial consumer base. The surrounding trade area continues to expand, with the three-mile population increasing approximately 2.2% from 2020 to 2025, demonstrating positive underlying demographic momentum.
• Strong Visibility & Accessibility: The Property features prominent frontage along Greenville Blvd, one of the market’s primary retail and commercial corridors, with approximately 30,000 vehicles per day. Convenient access to Mall Drive SW and South Memorial Drive (NC-11 | ±43,000 VPD) which provides connectivity throughout Greenville and the broader region, while access to Pitt-Greenville Airport further enhances the market’s regional connectivity.
• Regional Healthcare Hub & ECU Health: Located approximately four miles from ECU Health Medical Center, a 974-bed academic medical center and Level I Trauma Center, the Property is situated within one of eastern North Carolina’s most significant healthcare markets. Greenville serves as a regional healthcare destination.
• Major Higher-Education Demand Drivers: Greenville is home to East Carolina University (ECU), a major public research university with approximately 27,000 students and one of the region’s significant economic and employment drivers. The broader market is further supported by Pitt Community College, adding to the area’s substantial student, faculty, staff, and workforce population and generating additional demand for retail, healthcare, and service-oriented uses.
• Corporate-Guarantee: The lease is backed by Aspen Dental Management, Inc. (ADMI), the operating organization supporting the nationally recognized Aspen Dental network of 1,100+ practices nationwide.
• Attractive Rental Growth: The lease features 12.5% rental increases every five years, including throughout the option periods, providing contractual income growth and a meaningful hedge against inflation.
• New $150+ Million Research & Innovation District: Greenville continues to attract meaningful investment and economic development, highlighted by ECU’s Intersect East, a 19+ acre research and innovation district with plans encompassing more than $150 million of investment and up to 1,500 jobs upon completion.