Listed by Acuity Private Capital
$4,190,000
Hospital Leased MOB-On Campus Location & Significant Upside
Details
Property Type Office
Sub Type Medical Office
Square Footage 7,020
Net Rentable (SqFt) 7,020
Units 40
Cap Rate 6.00%
NOI $251,370
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 03/06/2031
Rent Bumps Yes
Lease Options 1-15 Year Option at Market Rent
Price per SqFt $597
Class A
Year Built 2014
Buildings 1
Acreage 0.880
Parking Spaces 40 spaces
Parking Per SqFt 5.70
Investment Type Net Lease
Sale Condition N/A
AnMed Urgent Care (AA- Credit) | Single Tenant Highly Specialized MOB
Marketing description
Located in Anderson in South Carolina's Upstate region, AnMed Urgent Care offers an investor the rare opportunity to acquire an on-campus, single-tenant NNN hospital leased medical office building. The 7,020 SF highly specialized urgent care facility was constructed in 2014 with Class A finishes and it was purpose-built for urgent care use, featuring an onsite X-ray and full laboratory services. The property benefits from strategic healthcare synergies due to its' location on AnMed's flagship hospital campus and its attractive location in the rapidly expanding/thriving Upstate Region. All of these factors support the subject property's long-term operational stability and investment security.
Investment highlights
- 2% Broker Buyside Co-op Fee
- Very Rare On-Campus Hospital Leased Investment Opportunity - On-campus properties are usually owned by health systems or large institutional investors, however, this listing offers the rare opportunity to acquire a specialized on-campus single-tenant hospital leased medical office building. AnMed Urgent Care (a subsidiary of the AA- credit rated AnMed) is located on the campus of the flagship 461-bed AnMed Medical Center in Anderson, South Carolina.
- Significant Pro Forma Upside & Irreplaceable/Strategic Location - The current lease has ~5 years of firm term remaining (expires 3/6/2031) and then the tenant has 1-15 year option at market rent. The property's current rent of $35.81/SF NNN, is well below the recent market average for comparable highly specialized urgent care facilities (~$55/SF NNN).
- Highly Specialized Facility | Priced Well Below Replacement Cost - Built in 2014 (Class A construction) and AAAHC-accredited, the subject property is a highly specialized purpose-built facility. The property's pricing at $597/SF, is additionally well below the recent market average for comparable specialized urgent care facilities ($850/SF).
- Rapidly Growing & Attractive Market - This property is situated in the rapidly growing Upstate Region of South Carolina, in the geographical center of the Charlanta Megaregion (~22M population & ~$1T of annual economic output). The building is additionally located in an extremely attractive healthcare submarket, which features 100% medical office building occupancy within a 3 mile radius (724K total MOB SF).
Listing Contacts
Listed by Acuity Private Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,370.00
$20,947.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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