Absolute NNN High-Credit Medical Office Properties, Southeast Region

Property Description

Single Tenant Medical Office Building -“ Southeast State. Enjoy a pure 7.00% cap return for the first 5 years then, starting in year 6, say hello to annual 1.5% increases every year thereafter. This Clinic is being sold at $2,303,500 and is one of 3 Clinics being sold (the other prices are $2,265,000 and $5,803,500). All 3 clinics are part of the same health care system integrated with their physicians and their hospitals. All leases have a guarantor that a S and P Rating of "AA-" with a Stable Outlook. All leases commenced in the first quarter of 2010. The initial primary lease terms are for 14 years. The rents are fixed for the first 4 years then have annual increases of 1.5%. There are four 5-year options with the same annual increases in every year of the options. The leases are NNN - the tenant is responsible for everything including taxes, maintenance, repairs, roof, structure, rebuilding, etc. The landlord has no obligations of any kind (a true high and dry NNN lease). Total Portfolio Sales Price for all 3: $10,399,000. Purchase individually or as a medical family portfolio. These are all owned free and clear of any loans. Email for more info.

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NNN Medical Property -“ Georgia. Brand new medical property. 10-year pure NNN. Lease commences September 1, 2010. The tenant is moving in right now and rent will commence on Sept. 1st. The price is $1,560,000. Annual Rent is $116,000 (7.44% CAP). The seller has a assumable 1st mortgage of $1.2 million (20 year amort., 6.5% interest rate). With $250k down, the seller may consider carrying the second back in owner-financing. The sale includes extra land that can be used by the tenant to expand the current building. This is a Medical building leased by a non-profit Health Care Authority. Email for more info.

Medical Office Building for Sale - DaVita, Inc. Price: $4,444.326. NOI: $355,546. Tenancy: Multiple. Occupancy: 91%. Building Size:18,588 Sq. Ft. Lot Size: 25,000 Sq. Ft. Ownership of Tenant: Public. Tenant Net Worth: $1.246 Billion. Ticker Symbol: NYSE: DVA. 2 story medical office building. 18,588 square foot building. 25,000 square foot parcel. Constructed in 1970 and renovated in 1995. Over $4 million was invested in this facility. 25 car parking (additional street parking available). Additional Rent: Landlord pays for taxes. Insurance and CAM are tenant obligations. Tenant shall pay all assessments and increases in real estate taxes over the base year 1997. Fuel and Utilities: Tenant obligation. Repair and Maintenance: Tenant obligation. Lease Guaranteed by DaVita, Inc. Newly signed lease by a local medical group. Email for more info.

Class "A"Surgical and Medical Office Building for Sale - Houston, TX. Date Opened -” Spring, 2000. Type -” Medical Office/Surgery Center. Net Rentable Area -” 51,316 square feet. Land Area -” 4.688 acres, Occupancy -” 76.1%. Parking -” Over 5 spaces per 1,000 sf. Purchase Price -” $7,700,000. Proforma Net Operating Income -”$630,976. All leases on NNN basis with a 95%. Email for more info.

Two multi-tenanted medical office buildings. The first one is 80-85% a occupied by a single tenant that has an "A" rating by S and P. The property has permanent debt that has to be assubed. There is an approx. $3.1M loan balance, 6.43% interest rate, due in 2013. This is a quality building and 100% leased up. The second property has renewals coming due shortly. The owner would like to complete those renewals before a formal offering. This property has the same rated tenant anchoring about 60% of the building. Email for more info.

Single tenant medical office building - IN. Brick construction, built in 2000, 5,900 sf. Leased to large family practice with multiple locations until 12/31/2016. Gross lease with 2.5% annual bumps. Priced at $1,250,000, a 8.5% cap rate going in, bump in January to 8.8% cap on list price. Email for more info.

PHYSICAL THERAPY NNN Lease - OK. $931,175. 8.00% CAP. This recently constructed, garden style office building features vaulted ceilings, French country accents, and ample parking. Current tenant is a strong leader in the Oklahoma healthcare industry. Three (3) years remain on the current lease with three, one-year options and a half dollar per square foot yearly rent increase. Email for more info.

MEDICAL OFFICE UPSIDE - OK. $3,060,000. 35,260 sq ft. 9% CAP Proformed. 89% Leased. Office building located in the heart of one of this city's busiest medical areas. The building offers favorable operating fundamentals and stable tenants such as Bank of America, the American Heart Association, and LabCorp. This property offers a stable investment with medical office upside potential. Across from Deaconess Hospital. Email for more info.

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