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| Price $2,900,000 | Built/Renov 2003/2015 | Tenant American Renal Associates |
| Cap Rate 10.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
14,445
| Lease Start
12-18-2015
| #Units
230
|
| Price/SF $200.76 | Expiration
04-30-2028
| Tenant Type Medical/Health |
| NOI $290,000 | R. Term 3.4 | Ownership Fee Simple |
| Rent/SF
$20.08
| Increases 0.0%/0/yrs | Pop 5Mi 238,886 |
| Lot/AC 2.25 | Options 2/5yrs | AHHI 5Mi $71,499 |
| | |
American Renal Associates is strategically located at the signalized, hard corner intersections of Sibley Street, State Line Road, and State Street, providing access to a combined daily traffic count of 26,400 vehicles. The property is surrounded by well-known national tenants, including ALDI, Family Dollar, Walgreens, AutoZone, O’Reilly Auto Parts, McDonald’s, and more. The 5-mile trade area...
...Signalized intersection
Re-purpose building
Hard corner intersection
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed
American Renal Associates operates as a national dialysis services provider in the United States focused on Joint Ventures with physicians. ARA provides high-quality patient care to patients...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 16,400 | 99,008 | 235,330 |
| 2023 Total Population : | 15,846 | 100,183 | 239,544 |
| 2023 Employed Civilian Pop : | 6,048 | 43,469 | 105,824 |
| 2023 Total Businesses : | 463 | 2,572 | 6,117 |
| 2023 Average Household Income : | $ 54,914 | $ 64,588 | $ 71,543 |
| 2023 Total Consumer Spending : | $ 290 M | $ 2206 M | $ 5738 M |
| 2023 Median Age : | 32 | 36 | 38 |
| 2023 Total Households : | 6,002 | 39,014 | 91,898 |
| 2023 Pop Age 25+: Bachelor's Degree : | 957 | 7,357 | 21,705 |
| 2023 Average Home Value : | $ 174,641 | $ 181,022 | $ 190,696 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Willow Court | Morton Ct | 2021 | 962 | 0.11 mi |
| State Street | Douglas Ave | 2018 | 7,450 | 0.13 mi |
| State Line Avenue | 155th Pl | 2022 | 4,800 | 0.16 mi |
| Sibley Blvd | Forsythe Ave | 2014 | 18,500 | 0.16 mi |
| Sibley St | Hohman Ave | 2010 | 10,400 | 0.18 mi |
| Hohman Ave | Sibley St | 2010 | 16,570 | 0.19 mi |
| Hohman Ave | Sibley St | 2010 | 14,630 | 0.20 mi |
| 2022 | 750 | 0.20 mi | ||
| Rimbach St | Ann Ave | 2010 | 2,690 | 0.20 mi |
| Sibley St | Hohman Ave | 2010 | 4,340 | 0.21 mi |
Kalamazoo, MI
Cap Rate 9.50%
Lease Abs NNN
R. Term 11.20 yrs
Size/SF 2,936
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
