loader
Join Free
Zeekin

Fresenius Medical Care (LH)

85 West Lanikaula Street, Hilo, HI 96720

$10,065,000

Cap Rate 7.50%

Views: 80 DOM: 224 Updated: 09.13.24 Posted: 02.08.24 Status: Active

Summary

Price $10,065,000
Built/Renov 2023
Tenant Fresenius Medical Care (LH)
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,667
Lease Start 01-09-2023
#Units 4,171
Price/SF $943.56
Expiration 01-31-2043
Tenant Type Medical/Health
NOI $754,721
R. Term 18.4
Ownership Leasehold
Rent/SF $70.75
Increases 1.5%/1/yrs
Pop 5Mi 50,320
Lot/AC 0.80
Options 6/5yrs/1.5%
AHHI 5Mi $85,336

Klinton Lewis
Embree
Contact

Lease Highlights

  • Fresenius has 18+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 3 throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Fresenius is strategically located at the hard corner intersection of Kinole Street and W Lanikaula, with access to a combined daily traffic count of 15,187 vehicles. The property is conveniently close to the University of Hawaii, Hawaii Community College, Waiakea High School, Fresenius Medical Care, and other nearby institutions. National tenants in the area include 7-Eleven, 76 Gasoline, CVS...

...

Key Features

  • New construction

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Affluent suburb location

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

Fresenius Wikipedia Fresenius Medical Care Wikipedia Hilo, Hawaii Zip Code 96720 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Fresenius Medical Care AG & Co. KGaA is a German healthcare company that provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients....


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,090 37,302 46,053
2023 Total Population : 8,824 36,595 45,161
2023 Employed Civilian Pop : 3,146 16,629 20,557
2023 Total Businesses : 1,047 2,309 2,428
2023 Average Household Income : $ 62,919 $ 97,613 $ 101,864
2023 Total Consumer Spending : $ 179 M $ 1131 M $ 1445 M
2023 Median Age : 32 43 43
2023 Total Households : 3,252 13,479 16,501
2023 Pop Age 25+: Bachelor's Degree : 933 5,870 7,362
2023 Average Home Value : $ 424,003 $ 570,766 $ 597,641
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kinou02bbole Street W Kahaopea St 2021 10,200 0.04 mi
Kinou02bbole Street W Lanikaula St 2019 10,100 0.04 mi
West Lanikaula Street Ululani St 2021 4,480 0.06 mi
West Kawili Street Kinoole St 2021 9,600 0.26 mi
West Kawili Street Kapiolani St 2019 12,500 0.26 mi
E Kawili St Kilauea Ave 2018 2,400 0.30 mi
Kamehameha Highway 2018 16,900 0.38 mi
Kamehameha Highway 2018 55,800 0.42 mi
Kilauea Ave Kekuanaoa St 2018 9,700 0.43 mi
Manono Street Leilani St 2019 10,500 0.51 mi

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

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY
my activity