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Views: 197 DOM: 81 Updated: 10.02.24 Posted: 08.23.24 Status: Active

Summary

Price $3,496,000
Built/Renov 2019
Tenant CSL Plasma
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 15,486
Lease Start 08-01-2019
#Units 280
Price/SF $225.75
Expiration 08-01-2034
Tenant Type Medical/Health
NOI $235,967
R. Term 9.8
Ownership Fee Simple
Rent/SF $15.24
Increases 10.0%/5/yrs
Pop 5Mi 148,543
Lot/AC 1.34
Options 2/5yrs
AHHI 5Mi $87,669

Lease Highlights

  • CSL Plasma has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term, FMV at the beginning of each option period
  • Limited landlord responsibilities 
  • Lease is guaranteed by the corporate entity (S&P: A-)

Location Description

CSL Plasma is strategically located at the signalized, hard corner intersection of W. Kirby Avenue and S. State Street, with access to a combined daily traffic count of 22,000 vehicles. This prime location offers convenient access to Interstate 57, 72, and 74, making it both central and accessible. The property is situated within a bustling retail corridor, in close proximity to Baytowne...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: CSL Plasma
  • Guarantor:Corp T and Rated
  • Company:CSL Behring
  • # Units:280
  • Tenant S&P: A-
  • Moody’s: A3
  • Stock: ASX: CSL

About Tenant

CSL Plasma, Inc. is one of the world’s largest collectors of human plasma. It has over 12,000 employees and more than 270 plasma collection centers covering China, the US, and Europe. CSL Plasma...


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Listing Broker

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