Aspen Dental
Parent The Aspen Group is rated B- by S&P (outlook revised to negative in August 2025) and is refinancing while weighing asset sales. Many leases are signed by affiliated practice entities with an Aspen Dental Management guaranty.
- US units
- 1,200
- 2026 (approx.)
- 3Y net growth
- +14.3%
- vs. 2022 (approx.)
- Credit rating
- B-
- Sub-investment grade
- Typical term
- 10 yr
- NN
- Model
- Mixed
- Private equity
Unit count
Aspen Dental in the news
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Aspen Dental net lease FAQ
What is Aspen Dental's credit rating?
Aspen Dental is rated B-, which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Aspen Dental locations are there in the US?
Aspen Dental reported about 1,200 US locations as of 2026 (approx.). That is +14.3% versus 1,050 in 2022 (approx.).
What does a typical Aspen Dental net lease look like?
Lease type: NN. Initial term: 10 yr. Rent increases: ~10% every 5 yr or 2% annually. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Aspen Dental corporate or franchised?
Operating model: Mixed. Aspen Dental is part of The Aspen Group. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.