NNN Office Properties
This is a selection of some of the most attractive Triple Net Leased (NNN) Office Properties currently available. If you would like more information about any of these properties, please call John Bremner - 415-234-6093.
Principals Only, Please.
For more information regarding these properties, call John Bremner at 415-234-6093.
1) DaVita Dialysis - Humboldt TN: $1,138,000, 8.85% Cap Rate, 11 Year NNN Lease. DaVita recently signed a 10 year extension (which suggests a commitment to the location) of their lease which starts April 2016, so there are 11 years remaining. The property has a NNN lease, with the tenant reimbursing the landlord for expenses. There are annual 2% rent increases, as well as two 5-yr options. The property is well located for DaVita, with the Humboldt General Hospital only 1.1 miles away as well as other health care services. Offered at $1,138,000 with an 8.85% cap rate.
2) Talecris Plasma Resources - Del Rio TX: $1,312,500, 8.0% Cap Rate, 5 Year NN Lease. Talecris, the tenant since 2005, was acquired in 2011 for $3.4B by Grifols, a global healthcare company with more than 13,000 employees. The lease is corporately guaranteed by Grifols/Talecris who recently exercised their first 5-yr option. The lease is now a 5 year NN lease. There is a new roof in March of 2015. Strong location near the cross-border traffic. Offered at $1,312,500 with an 8.0% cap rate.
3) Baylor Medical Center - Dallas TX: $1,620,000, 8.0% Cap Rate, 5 year NNN Lease. This is a City Square Community Clinic/Baylor Health property in Dallas TX. The City Square Community Clinic serves as the "medical home" to more than 2000 patients, providing accessible, affordable preventive health care. Baylor Scott & White Health entered into a 15 Year NN Lease with 10% rent increases every four years. There are 5 years remaining on the lease, with two 5-yr options. Offered at $1,620,000 with an 8.0% cap rate.
4) NOAA Facility - Fort Worth TX: $3,429,000, 7.0% Cap Rate, 13 Year Modified Gross Lease. The tenant is the National Oceanic and Atmospheric Administration (NOAA), which is a scientific agency within the US Dept. of Commerce. In 2013, NOAA signed a 15 year modified gross lease (taxes, insurance & maintenance paid by landlord, but reimbursed by tenant), with escalation clauses built into the lease. The lease is guaranteed by the US Government. Offered at $3,429,000 with a 7.0% cap rate.
Principals Only, Please.