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Views: 102 Updated: 05.20.24 Posted: 01.19.24 Status: Inactive 09.27.24

Summary

Price $1,685,000
Built/Renov 1993
Tenant Associated Medical Professionals
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 7,684
Lease Start 09-18-2017
#Units 10
Price/SF $219.29
Expiration 09-17-2027
Tenant Type Medical/Health
NOI $117,941
R. Term 2.9
Ownership Fee Simple
Rent/SF $15.35
Increases 1.0%/1/yrs
Pop 5Mi 106,585
Lot/AC 0.74
Options 1/5yrs/1%
AHHI 5Mi $63,932

Lease Highlights

  • Associated Medical Professionals has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 1% annual rental increases throughout the initial term and each option period
  • Favorable NN+ lease with landlord responsible for structure
  • Corporate guaranteed lease

Location Description

Associated Medical Professionals strategically stands along Genesee St./State Highway 5, a key retail thoroughfare, with access to 13,100 vehicles passing by daily. The property features substantial street frontage and multiple points of ingress/egress. Adjacent to Oneida Health Hospital, a resident-centered care facility, the medical office is conveniently located just 1 mile east of Glenwood...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Associated Medical Professionals (A.M.P.) is a multi-specialty medical practice focusing on both men’s and women’s urological health and related treatments such as imaging, radiation oncology, and...


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Listing Broker

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