loader
Join Free
Views: 83 DOM: 92 Updated: 11.02.24 Posted: 09.20.24 Status: Active

Summary

Price $2,859,899
Built/Renov 1995
Tenant Biomat USA
Cap Rate 8.09%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,840
Lease Start 12-09-1999
#Units 296
Price/SF $290.64
Expiration 01-31-2032
Tenant Type Medical/Health
NOI $231,282
R. Term 7.1
Ownership Fee Simple
Rent/SF $23.50
Increases 2.0%/1/yrs
Pop 5Mi 48,557
Lot/AC 1.44
Options 1/5yrs/2%
AHHI 5Mi $61,804

Lease Highlights

  • Biomat USA has been operating in this location since 1999
  • The tenant has 7+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 2% annual rent increases throughout the initial term and option period
  • Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located at the hard corner intersection of Boatwright Avenue and Patton Street, adjacent to Galileo Magnet High School and minutes from Sovah Health Hospital and Averett University. The property benefits from its proximity to Central Boulevard (31,000 VPD) and is surrounded by prominent national tenants including Home Depot, Hobby Lobby, Target, Lowe’s, Walmart, and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Biomat USA
  • Guarantor:Corp T and Rated
  • Company:Grifols, SA
  • # Units:296
  • Tenant S&P: B
  • Stock: NASDAQ: GRFS

About Tenant

Biomat USA specializes in the collection of plasma to create life-saving plasma-derived medicines. Biomat operates plasma donation centers where donors contribute plasma, which is later...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity