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Views: 70 DOM: 54 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $2,810,200
Built/Renov 2000
Tenant Biomat USA
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,338
Lease Start 07-03-2008
#Units 296
Price/SF $227.77
Expiration 06-30-2030
Tenant Type Medical/Health
NOI $224,816
R. Term 5.7
Ownership Fee Simple
Rent/SF $18.22
Increases 3.0%/1/yrs
Pop 5Mi 130,014
Lot/AC 1.55
Options 1/5yrs/3%
AHHI 5Mi $81,170

Lease Highlights

  • Biomat USA has been operating in this location since 2008
  • The tenant has 5+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located on West 26th Street, with access to 19,800 vehicles passing by daily. The property also has immediate access to Interstate 79, which sees 34,300 VPD and provides a direct route south to Pittsburgh. The immediate area is surrounded by prominent national retailers, including McDonald’s, Tim Hortons, PNC Bank, Ford, Volvo, Anytime Fitness, AutoZone, and more....

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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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