Investment Overview

10 YEARS REMAINING ON ABSOLUTE NNN CORPORATE LEASE – The tenant, Patient First Corporation, has just under 10 years remaining on its initial 20-year term absolute NNN corporate lease. There is one more 10% increase during the remaining base term, and in each of six five-year option periods, offering an excellent hedge against inflation. Patient First is a dominant brand in the urgent care industry that, in the Philadelphia market, currently operates 18 locations with plans for more in the coming years. Regionally, the chain has near 80 locations. The privately held chain will provide tenant financials with a confidentiality agreement, and most regard this tenant as investment grade. As with any medical related use, this building has an immensely expensive fit-out making it unlikely for the tenant to relocate in the future.