NNN Office Properties
This is a selection of some of the most attractive Net Leased Office Properties currently available. If you would like more information about any of these properties, please call John Bremner, Bremner Real Estate - 415-234-6093.
Principals Only, Please.
1) Sana Vida Wellness - Marble Falls TX: $1,072,000, 7.6% Cap Rate, 15 Year NNN Lease. Sana Vida is a wellness spa and tea bar constructed in 2007 which provides acupuncture, massage, bodywork, and yoga therapy. The spa will enter into a new 15 year NNN lease upon closing. Offered at $1,072,000 with a 7.6% cap rate.
2) Dermatology Solutions - Biloxi MS: $1,552,600, 7.5% Cap Rate, 9 Year Corporate NN Lease. Newly built (2009) with high end finishes, this medical office building is located on a major E/W corridor in Biloxi, with 9 years remaining on a 10 year NNN lease with Dermatology Solutions Group, which operates in 20+ locations throughout the gulf coast. Lease is guaranteed by corporation. Offered at $1,552,600 with a 7.5% cap rate.
3) AR Dentistry - Russellville AR: $1,600,000, 7.0% Cap Rate, 10 Year NNN Lease. New 5,000 square foot Dental Office with 10 year NNN Lease, with 7.5% increase after first five years, and 10% increases for succeeding 5 year periods. Located near central business district, upscale residential, and two hospitals. Offered at $1,600,000 with a 7.0% cap rate.
4) Next Care Urgent Care - Oklahoma City OK: $1,639,164, 6.7% Cap Rate, 11 Year Absolute NNN Lease. NextCare Inc. operates over 130 units nationwide, with 10 brands in 10 states, and is one of the nation's largest privately-owned urgent care providers. Strong location with 150,000+ population within 5 mile radius. Annual rent increases of $.50/sf. Offered at $1,639,164 with a 6.7% cap rate.
5) State Police Forensics Lab - Morton IL: $2,033,000, 8.5% Cap Rate, 8 Year Gross Lease. Forensics Sciences Command (FSC) occupies the property with a long-term lease with the State of Illinois which commenced in 2014, and there are 8 years remaining. FSC provides scientific analysis of physical evidence for the law enforcement community. Offered at $2,033,000 with an 8.5% cap rate.
6) Earthcon - Marietta GA: $2,050,000, 7.6% Cap Rate, 7 Year NNN Lease. Earthcon is one of America's most established environmental science companies with offices throughout the US and Canada. This building is the US headquarters and the Atlanta regional office, and is located in a center of office, research and development in Marietta. Earthcon will sign a new 7 year lease on closing. Offered at $2,050,000 with a 7.6% cap rate.
7) Resolute Pain Solutions - Port Saint Lucie FL: $2,200,000, 6.6% Cap Rate, 7 Year NNN Lease. Resolute Pain Solutions operates 29 locations in four states. This property is situated along a dense retail corridor with national retail including Wendy's, Staples, Walmart, Target, etc. Strong demographics, with over 110,000 within a 5 mile radius. 7 years remaining on 10 year lease, with 9% rent increase on 1/1/2018. Offered at $2,200,000 with a 6.6% cap rate.
8) VA Outpatient Facility - Oklahoma City OK: $2,834,000, 7.25% Cap Rate, 9 Year NN Lease. The Department of Veteran's Affairs (VA) has operated an outpatient facility at this location since 2004. The VA recently renewed their lease (guaranteed by the United States AAA) for another 10 years with two 5-yr options. Located across the street from the Northpark Mall, OK's premier shopping destination. Offered at $2,834,000 with a 7.25% cap rate.
9) DaVita Dialysis - Westland MI: $3,184,553, 6.5% Cap Rate, 9 Year Corporate Absolute NNN Lease. Recently executed 10 year corporate lease with investment grade tenant (over 2,800 clinics), with 2% annual increases. Recent lease renewal, as well as the tenant's purchase of a new roof in 2013, suggests a strong commitment to this location. Offered at $3,184,553 with a 6.5% cap rate.
Principals Only, Please. For more information, please call John Bremner, 415-234-6093