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Single-Tenant Office Medical

Skyway Surgery Center

121 Raley Blvd, Chico, CA 95928

Listing Price: $12,030,000

Cap Rate
5.00%
Tenant Name
Skyway Surgery Center, LLC
Years Remaining On Lease
7.0
Guarantor
Limited Corporate Guarantee
Rentable SF
12,522
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.99

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Skyway Surgery Center located in Chico, CA. The Tenant is Skyway Surgery Center, LLC which is 60% physician-owned and 40% owned by Surgery Partners, Inc. (NASDAQ: SGRY), boasting over 7,000 employees across 180 locations in 31 states and over 600,000 annual patients. The single tenant modified NNN lease provides an investor with ease of management and features contracted, annual +3% rent increases providing hedge against inflation.The Property was a build to suit for the Tenant who has operated at this location for over 18 years. The Property comes with a large, 1.93-acre lot with ample room to expand the facility in the future, if needed. The Property benefits from an average household income within a 3 mile radius of over $93,000 with the overall population of Chico having grown by roughly 50% since the 2010 census.

Investment Highlights

  • STRONG TENANT - 60% PHYSICIAN-OWNED / 40% SURGERY PARTNERS, INC, (NASDAQ: SGRY)
  • +3% ANNUAL RENT INCREASES
  • STRONG HISTORICAL OCCUPANCY
  • STRONG HISTORICAL OCCUPANCY
  • LARGE 1.93 ACRE LOT WITH ROOM TO EXPAND THE FACILITY
  • SINGLE-TENANT MODIFIED NNN LEASE/EASE OF MANAGEMENT
  • AFFLUENT, RAPIDLY GROWING DEMOGRAPHICS
  • SIGNIFICANT RESIDENTIAL GROWTH WITHIN A 2-MILE RADIUS

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Single-Tenant Office Medical

Skyway Surgery Center

Listing Price: $12,030,000

Cap Rate
5.00%
Tenant Name
Skyway Surgery Center, LLC
Years Remaining On Lease
7.0
Guarantor
Limited Corporate Guarantee
Rentable SF
12,522
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.99

Investment Highlights

  • STRONG TENANT - 60% PHYSICIAN-OWNED / 40% SURGERY PARTNERS, INC, (NASDAQ: SGRY)
  • +3% ANNUAL RENT INCREASES
  • STRONG HISTORICAL OCCUPANCY
  • STRONG HISTORICAL OCCUPANCY
  • LARGE 1.93 ACRE LOT WITH ROOM TO EXPAND THE FACILITY
  • SINGLE-TENANT MODIFIED NNN LEASE/EASE OF MANAGEMENT
  • AFFLUENT, RAPIDLY GROWING DEMOGRAPHICS
  • SIGNIFICANT RESIDENTIAL GROWTH WITHIN A 2-MILE RADIUS

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Skyway Surgery Center located in Chico, CA. The Tenant is Skyway Surgery Center, LLC which is 60% physician-owned and 40% owned by Surgery Partners, Inc. (NASDAQ: SGRY), boasting over 7,000 employees across 180 locations in 31 states and over 600,000 annual patients. The single tenant modified NNN lease provides an investor with ease of management and features contracted, annual +3% rent increases providing hedge against inflation.The Property was a build to suit for the Tenant who has operated at this location for over 18 years. The Property comes with a large, 1.93-acre lot with ample room to expand the facility in the future, if needed. The Property benefits from an average household income within a 3 mile radius of over $93,000 with the overall population of Chico having grown by roughly 50% since the 2010 census.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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