Hand Works Sale-leaseback Portfolio
Office | 7.39% CAP | 6,137 SqFt
Marketing description
The HandWorks Sale-Leaseback Portfolio presents the opportunity to acquire three medical properties leased to an established healthcare practice under a brand-new sale-leaseback structure. At closing, the tenant will execute new five-year triple net (NNN) leases on all three properties, providing investors with immediate, passive cash flow and zero landlord responsibilities.
The leases include two five-year renewal options and 2% annual rent escalations, creating consistent income growth over time. The portfolio generates approximately $133,000 in annual net operating income and is being offered at $1,800,000 representing a 7.39% capitalization rate.
HandWorks has an established operating history and intends to continue operating from these locations while ultimately pursuing a sale of the practice in the future. Given the costs associated with relocating medical practices and the potential transition to a new operator, the portfolio offers investors the opportunity for tenancy that could extend well beyond the initial five-year lease term. This combination of stable cash flow, contractual rent growth, and long-term occupancy potential makes the portfolio an attractive investment for net lease buyers seeking dependable income and future upside.
Investment highlights
- Brand-new sale-leaseback structure with new five-year leases executed at closing across all three properties, providing investors with immediate, predictable cash flow from day one.
- Triple Net (NNN) lease structure requiring the tenant to cover property taxes, insurance, and maintenance, resulting in minimal landlord responsibilities.
- Two five-year renewal options provide the tenant with the ability to remain in place for up to 15 years, creating the potential for long-term occupancy.
- Annual 2% contractual rent escalations provide built-in income growth throughout the lease term and help increase the property's value over time.
- The portfolio generates approximately $133,000 in annual net operating income and is offered at $1,800,000, representing an attractive 7.39% capitalization rate.
- HandWorks is a well-established healthcare practice with a proven operating history and an existing patient base, reducing operational risk for investors.
- Ownership's long-term plan is to eventually sell the operating practice, making it likely that a future operator would continue utilizing the existing real estate rather than relocating.
- Medical practices typically invest significant capital into build-outs, equipment, and patient infrastructure, creating substantial relocation costs that encourage long-term tenancy.
- Diversification across three separate locations reduces single-asset risk while providing exposure to an established regional healthcare operator.
- The combination of passive ownership, contractual rent growth, strong tenant fundamentals, and long-term occupancy potential creates a compelling net lease investment opportunity.
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