Fee Simple Net Lease

HCA Health Services of Virginia

12401 West Broad Street | Richmond, VA

Download Offering Memorandum

Stats

$11,181,500

Asking Price

5.45%

Cap Rate

$609,390

NOI

NN

Lease Type

NEW CONSTRUCTION MEDICAL FACILITY
HCA invested $3.6 million into their buildout, exclusive of the tenant improvement allowance and furniture fixture and equipment.

CERTIFICATE OF PUBLIC NEED
Tenant received COPN for the Imaging Center and use of imaging-related equipment. Any future relocation of this equipment would require governmental approval.

100% LEASED TO CREDIT WORTHY TENANT
The parent company maintains investment grade credit (S&P: BBB- and Moody’s: Baa3).

LONG TERM INCOME SECURITY
New 10 year lease with 2.5% annual increases and four (5-year) renewal options.

MINIMAL LANDLORD RESPONSIBILITY
The lease provides an investor with minimal landlord responsibilities (NN) limited to roof and structure (warranties - new construction).

EXCELLENT VISIBILITY & ACCESSIBILITY
A dedicated parking lot serves the property seeing 36,000 VPD on W Broad Street.