Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Omaha, Nebraska (the "Property").
The Property consists of 0.51 acres and a one-story, 8,081-square-foot medical office building that was retrofit-to-suit in 2023 to the exact specifications of the Tenant. The Property is located just southwest of the intersection of West Dodge Road/US-6 (95k VPD) and South 114th Street (17k VPD). There are approximately 262,000 in population in a five-mile radius with an average household income in excess of $104,000 annually.
The Tenant recently completed a comprehensive renovation-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,724 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.