1000 New Stone Ridge Rd - Medical FOR SALE


Ripley, WV 25271
$2,315,000 USD
440-915-7902
1000 New Stone Ridge Rd, Ripley, WV for Sale
$2,315,000 USD
Medical - FOR SALE
1/9
null | 6.25% Cap Rate

1000 New Stone Ridge Rd
Ripley, WV 25271


HIGHLIGHTS

  • Long-Term (11.75 yrs. Left) Absolute NNN Lease with Corporately Backed, Single-Tenant Medical Necessity Location, Fresenius Medical Care
  • Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide
  • Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away
  • Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer! | No Management Responsibilities: Tenant Directly Responsible
  • Convenient Location Directly off of I-77, Surrounded by Other Medical(Jackson General Hospital Less 1 Mile), Retailers, Restaurants & Schools
  • Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius & 35,000 Vehicles Per Day at Interchange Exit

OVERVIEW

• Long-Term (11.75 yrs. Term) Absolute NNN Lease with Corporately Backed, Single-Tenant Medical Necessity Location, Fresenius Medical Care • Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide • Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away • Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer! • No Management Responsibilities: Tenant Directly Responsible for All Daily Management, Real Estate Taxes and Insurance • Convenient Location Directly off of I-77, Surrounded by Other Favorable Medical Users (Jackson General Hospital), Retailers (Walmart & Kroger), Restaurants, and Schools, with Traffic Nearing 35,000 Vehicles Per Day at Interchange Exit • Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius • Direct Vicinity (Less than 1 Mile) of Jackson General Hospital, a Critical Access Hospital with Approximately 200+ Employees Providing Comprehensive Care & a Stable Healthcare Employment Base to the Region • Strong Employment Base Anchored by Constellium (1,100 Employees) and Appalachian Power (Approx. 100 Employees), Supported by a Diverse Mix of Manufacturing, Energy, Healthcare, and Education Employers • Advantageous Location with Easy Commutes to Charleston, the State Capital (~38 Miles), & Parkersburg, WV (~35 Miles): Additional Employment, Major Attractions and Airports in Each City • County Seat Offering Below-National Cost of Living, Supporting Long-Term Affordability and Stability

FOR SALE DETAILS

PRICE

$2,315,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Fresenius(S&P BBB-) 11.75 Yrs. Term

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

05-11-00140000

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.