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Views: 37 DOM: 46 Updated: 08.01.24 Posted: 08.01.24 Status: Active

Summary

Price $3,021,231
Built/Renov 2014
Tenant aQua Dialysis
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor
Size/SF 8,000
Lease Start 04-04-2024
#Units 8
Price/SF $377.65
Expiration 03-31-2039
Tenant Type Medical/Health
NOI $196,380
R. Term 14.6
Ownership Fee Simple
Rent/SF $24.55
Increases 3.0%/1/yrs
Pop 5Mi 49,363
Lot/AC 1.14
Options 2/10yrs/3%
AHHI 5Mi $70,368

Lease Highlights

  • aQua Dialysis has 14+ years remaining on the current lease term with 2 (10-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee | Inquire with Broker for details

Location Description

aQua Dialysis is strategically located on W Frank Avenue, with access to 17,111 vehicles passing by daily. The property is positioned less than ½ mile between two major healthcare facilities: St. Luke’s Health - Memorial Hospital and Woodlawn Heights Medical Center. Additionally, it is just east of the Interstate 297 interchange, a main east/west thoroughfare, and is in proximity to well-known...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

aQua Dialysis is a regional provider of high-quality patient care for individuals requiring in-center hemodialysis and home dialysis. Their focus is on delivering excellent service and outcomes...


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Listing Broker

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