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Views: 63 DOM: 61 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $2,553,300
Built/Renov 1976
Tenant Biomat USA
Cap Rate 8.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,804
Lease Start 06-01-2017
#Units 296
Price/SF $184.97
Expiration 05-31-2027
Tenant Type Medical/Health
NOI $208,094
R. Term 2.6
Ownership Fee Simple
Rent/SF $15.07
Increases 3.0%/1/yrs
Pop 5Mi 160,931
Lot/AC 0.83
Options 3/5yrs/3%
AHHI 5Mi $80,235

Lease Highlights

  • Biomat USA has 2+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located at the signalized, hard corner intersection of West 9th Street and North Conway Avenue, with access to a combined daily traffic count of 27,900 vehicles. The property is surrounded by prominent national tenants, including H-E-B, Planet Fitness, PNC Bank, Bank of America, T-Mobile, and more. Additionally, it is just a few blocks south of Mission High School,...

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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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