Single Tenant NNN Leased Investment

Office for Sale
Catylist Listing ID: 30166013
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 7,500 SF
Gross Land Area: 32,324 SF
Sale Price: $4,900,000
Unit Price: $653.33 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: USRC / Hayden Dialysis Center
Class of Space: Class A
Usable Size (USF): 7,500 SF
Sale Terms: Cash to Seller
Cap Rate: 5.2%
Average Occupancy Rate: 100
Last Updated: 10/20/2017

Overview / Comments

Single tenant, net leased (STNL), medical office building (MOB), 15 year lease plus two 5-year renewal options (w/stated rents), annual rent escalations during base and options, tenant has significant investment in facility ($1m), USRC operates more that 300 facilities in the US, serving 23,000 patients. USRC is now the third largest provider of acute renal care in the United States.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $0 (Annual)
Tax Value Land $0
Tax Value Improvements $0
Tax Value Personal Property $0
Assessed Value - Total($) $0 (Annual)
Potential Rental Income $256,507 (Annual)
Net Operating Income $256,507 (Annual)
Gross Operating Income $256,507 (Annual)
Actual or Proforma Year Actual
Lender Name N/A

Current Tenants

Tenant Business Name Hayden Dialysis (US Renal Care, Inc.)
Website URL www.usrenalcare.com
Industry Type Health Care and Social Assistance
Is Renting? Yes
Year Founded 2000
SF of Space Occupied 7,500 SF
Current Rent $256,507 PSF (Annual)
Escalations Annual fixed increases throughout base and extensions.
Options 2 five year options to renew
Tenant Notes USRC operates more that 300 facilities in the US, serving 23,000 patients. USRC is now the third largest provider of acute renal care in the United States.

Additional Details

Nearest MSA: '"Coeur d''Alene"'
County: Kootenai
Taxing Authority: Kootenai County
Tax ID/APN: HK0410020010
Zoning: COMMERCIAL
Property Located Between: Prairie & Honeysuckle
Property Visibility: Good
Highway Access: Half mile east of Highway 95N
Area Description: Located in Hayden, Idaho immediately north of Coeur d'Alene (about 40 minutes east of Spokane, WA). The location is convenient for more than 75,000 residents within 10 minutes and 140,000 residents within 30 minutes. While most patients are located in the immediate area, some travel from further to the north and east, areas underserved by dialysis clinics.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Year Built: 2008
Year Renovated: 2008
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, T1/T3
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Fee

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,197 42,581 70,321
Median Age: 46.08 38.32 38.54
Households: 1,833 16,638 28,057

Contact

Photograph of Listing Agent

Chris Schreiber, CCIM

Kiemle & Hagood Company NWCRE Member
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