loader
Join Free
Views: 86 DOM: 103 Updated: 08.06.24 Posted: 06.07.24 Status: Active

Summary

Price $7,553,078
Built/Renov 2023
Tenant Kidney Spa
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,991
Lease Start 04-01-2023
#Units 8
Price/SF $1,260.74
Expiration 03-31-2038
Tenant Type Medical/Health
NOI $434,302
R. Term 13.6
Ownership Fee Simple
Rent/SF $72.49
Increases 2.0%/1/yrs
Pop 5Mi 469,128
Lot/AC 0.43
Options 3/5yrs/2%
AHHI 5Mi $55,516

Lease Highlights

  • New 2023 construction
  • Kidney SPA has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Kidney Spa is strategically located at the signalized, hard corner intersection of Palm Avenue and W 43rd Street, with access to a combined daily traffic count of 20,200 vehicles. Palm Avenue is a major North-South roadway in Hialeah, which leads directly into downtown Miami that further connects to Interstate-95, traveling the entirety of the Florida Coast. Moreover, the property is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kidney Spa
  • Guarantor:Corporate
  • Company:Kidney Spa LLC.
  • # Units:8
  • Stock:Private

About Tenant

Kidney Spa focuses on kidney health and dialysis services within the healthcare sector. The company offers hemodialysis services in a spa-like environment, comprehensive nephrology care, kidney...


...

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