Property details

Single Tenant Triple Net Medical Office Properties For Sale, Southwest Region

Property Description

Single Tenant Triple Net Medical Office Properties For Sale

Three (3) Single Tenant, Absolute NNN Medical Office Properties

Ideal For 1031 Exchange.

Corporate Signature

"A" Rated Credit Tenant

Billion Dollar+ Tenant

Excellent Real Estate

Excellent Credit

Priced To Sell

Closing must take place in January, 2016.

Its very hard to find Absolute NNN properties with strong tenants in todays market.

These are easy sell properties and will not last long.

We encourage buyers to act quickly.

Owner prefers to sell all 3 as one portfolio.

All 3 properties are located in one Southeast US state.

All 3 properties have flat rents for the first 5 years followed by 2.00% annual increases.

All 3 properties have Three 5-year options with 2% annual increases.

Property 1: 12 years remaining on the primary lease term. Price: $1,517,000

Property 2: 20 years remaining on the primary lease term. Price: $1,760,000

Property 3: 20 years remaining on the primary lease term. Price: $8,500,000

Total Purchase Price: $11,777,000

Priced net to the seller (buyer responsible for 3.00% commission).

These are Confidential, Deliverable Off-Market Properties. The actual locations will be provided to qualified buyers. The State shown is representative only. All 3 are located in one of the following Southeastern States: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia.






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Single Tenant Triple Net Medical Office Properties For Sale

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Highlights

Status:
Available
Price:
$11,777,000
Cap Rate:
5.75%
Rent Increases:
2% annual increases starting in Year 6 and in the options
 

Property Information

Property Type:
Net Lease
Industry Type:
Medical - Healthcare
Units/Spaces:
3
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Single Tenant NNN Medical
Lease Type:
NNN
Lease Commencement:
10/21/2015
Lease Expiration:
10/21/2015
Lease Remaining:
20.0 years
Landlord Responsibilities:
None. Absolute NNN
Options:
Three 5-year options with 2% annual increases
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.