loader
Join Free
Views: 66 DOM: 65 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...

...

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...


...

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