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Views: 62 DOM: 55 Updated: 11.02.24 Posted: 09.20.24 Status: Active

Summary

Price $3,648,208
Built/Renov 1968/2008
Tenant Biomat USA
Cap Rate 8.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 28,818
Lease Start 04-01-2013
#Units 296
Price/SF $126.59
Expiration 03-31-2028
Tenant Type Medical/Health
NOI $297,329
R. Term 3.4
Ownership Fee Simple
Rent/SF $10.32
Increases 1.5%/1/yrs
Pop 5Mi 48,184
Lot/AC 3.11
Options 2/5yrs/1.5%
AHHI 5Mi $66,672

Lease Highlights

  • Biomat USA has 3+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Recent renewal execution through 2028
  • Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located on S Adams Street, with access to 14,200 vehicles passing by daily. The property benefits from its proximity to East Garrison Street (14,200 VPD), which leads to the Eagle Pass International Bridge, handling over 4 million border crossings annually from Mexico. It is also less than five minutes west of the main retail corridor, featuring national tenants...

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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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