Two Tenant Medical Office and Bank
Corporately Guaranteed Tenants | Strong Visibility | Triple Net Leases
Investment highlights
Corporately Guaranteed Tenants - The property is 100% leased to long-term tenants M&T Bank and Radiology Associates, both of which recently signed five-year lease extensions, and SoNE Health Medical Group, which recently executed a five-year lease to expand its area presence.
High Visibility - The property is located between Cranbrook Boulevard and Hazard Avenue with ingress and egress access onto each street. Hazard Avenue sees over 28,000 vehicles per day.
Strategic Location - The subject property is located just south of Enfield Mall, which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
Strong Population - With 77,000+ residents and 29,000+ households within five miles, there is an ample customer base for the tenant. The five-mile average household income exceeds $120,000.
Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5 percent and rental rates increasing year over year.
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