Fee Simple Net Lease
NEW CONSTRUCTION MEDICAL FACILITY
HCA invested $3.6 million into their buildout, exclusive of the tenant improvement allowance and furniture fixture and equipment.
HCA invested $3.6 million into their buildout, exclusive of the tenant improvement allowance and furniture fixture and equipment.
CERTIFICATE OF PUBLIC NEED
Tenant received COPN for the Imaging Center and use of imaging-related equipment. Any future relocation of this equipment would require governmental approval.
Tenant received COPN for the Imaging Center and use of imaging-related equipment. Any future relocation of this equipment would require governmental approval.
100% LEASED TO CREDIT WORTHY TENANT
The parent company maintains investment grade credit (S&P: BBB- and Moody’s: Baa3).
The parent company maintains investment grade credit (S&P: BBB- and Moody’s: Baa3).
LONG TERM INCOME SECURITY
New 10 year lease with 2.5% annual increases and four (5-year) renewal options.
New 10 year lease with 2.5% annual increases and four (5-year) renewal options.
MINIMAL LANDLORD RESPONSIBILITY
The lease provides an investor with minimal landlord responsibilities (NN) limited to roof and structure (warranties - new construction).
The lease provides an investor with minimal landlord responsibilities (NN) limited to roof and structure (warranties - new construction).
EXCELLENT VISIBILITY & ACCESSIBILITY
A dedicated parking lot serves the property seeing 36,000 VPD on W Broad Street.
A dedicated parking lot serves the property seeing 36,000 VPD on W Broad Street.
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