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Views: 63 DOM: 55 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 7.2
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...

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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...


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Listing Broker

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