Long-Term Tenure – Tenant has a long operating history at this site. This primary care practice has been at this location for 40+ years. Bon Secours has 4 years remaining on the current lease.
Investment Grade Credit – Bon Secours boasts investment grade credit (Moody's: A1), providing a secure investment, with annual revenue in excess of $13.3 billion.
Annual Escalations – Lease provides 3.00% annual rental escalations, providing a hedge against in?ation.
NN Lease Structure – Minimal landlord responsibilities, limited to roof and structure, making it a passive investment.
Strong Demographics – There are 82,203 residents with an average household income of $103,474 within a 5-mile radius of the property.
Desirable Lot Size & Building Footprint – 1.48-acre parcel with 11,224 SF of rentable space, ideal for future redevelopment or repositioning.