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Views: 63 DOM: 54 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $3,758,800
Built/Renov 1987
Tenant Biomat USA
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,858
Lease Start 09-01-2017
#Units 296
Price/SF $271.24
Expiration 08-31-2027
Tenant Type Medical/Health
NOI $300,704
R. Term 2.9
Ownership Fee Simple
Rent/SF $21.70
Increases 3.0%/1/yrs
Pop 5Mi 382,566
Lot/AC 2.22
Options 3/5yrs/3%
AHHI 5Mi $107,607

Lease Highlights

  • Biomat USA has 2+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located at the signalized, hard corner intersection of N Jupiter Road and Buckingham Road, with access to a substantial combined daily traffic count of 65,900 vehicles. The property is surrounded by prominent national tenants, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, and more. Additionally, it is less than one mile from LV Berkner...

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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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