Skip to main content

Single-Tenant Office Medical

Zinnia Health | 15-Years Remaining | Desirable Providence MSA

251 Main St, Exeter, RI 02822

Listing Price: $8,567,308

Cap Rate
6.50%
Tenant Name
Zinnia Health
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$556,875.00

Investment Overview

The Tenant, Zinnia Health, is subject to a 12-year absolute NNN lease that commenced in June 2022. The lease features annual rental increases of three percent (3%) which provides an excellent hedge against inflation. Zinnia Exeter provides in-house treatment for patients with alcohol and/or other drug addiction. Zinnia also offers individualized aftercare plans, which are essential in establishing long-term recovery.

Investment Highlights

  • New 15-Year NNN Lease
  • Three Percent Annual Increases
  • One of Two Residential Treatment Centers In the State with a Population Over 1 Million

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Single-Tenant Office Medical

Zinnia Health | 15-Years Remaining | Desirable Providence MSA

Listing Price: $8,567,308

Cap Rate
6.50%
Tenant Name
Zinnia Health
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$556,875.00

Investment Highlights

  • New 15-Year NNN Lease
  • Three Percent Annual Increases
  • One of Two Residential Treatment Centers In the State with a Population Over 1 Million

Investment Overview

The Tenant, Zinnia Health, is subject to a 12-year absolute NNN lease that commenced in June 2022. The lease features annual rental increases of three percent (3%) which provides an excellent hedge against inflation. Zinnia Exeter provides in-house treatment for patients with alcohol and/or other drug addiction. Zinnia also offers individualized aftercare plans, which are essential in establishing long-term recovery.

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

MM Texture Background
MM Textured Background Lower