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Single-Tenant Office Medical

Red River ENT | 10-Year Absolute NNN Sale-Leaseback | 100% Occupied MOB

221 Windermere Blvd, Alexandria, LA 71303

Listing Price: $5,279,000

Cap Rate
6.25%
Tenant Name
Red River ENT
Gross SF
15,710
Guarantor
Personal Guarantee
Rentable SF
15,710
Price/Gross SF
$336.03
Lease Type
Absolute Net
Rent Per Square Feet
$21.00

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 221 Windermere Boulevard in Alexandria, Louisiana. The subject property is a 15,710-square-foot, net-leased, medical office building. Red River ENT is offering this property as a sale-leaseback with a 10-year master lease. They are currently utilizing 81 percent of the property with FYZICAL Therapy & Balance Centers as a subtenant in the remaining space. There are zero landlord responsibilities which provides an excellent hedge against inflation. Attractive 1 percent annual rent increases, that ensures long term cash flow with 10-years guaranteed and four, five-year renewal options. The team of physicians at Red River ENT Associates are dedicated to providing the highest quality ear, nose, and throat care for the patients of Alexandria and the surrounding communities. Physicians on site integrate advanced surgical and non-surgical techniques with the latest in advanced technology, providing comprehensive and minimally invasive care. The practice is comprised of five well established doctors, four of which will all personally guarantee the terms of the sale-leaseback. FYZICAL Therapy & Balance Centers are a nationwide leader in physical therapy services with over 500 operating locations. FYZICAL therapists focus on improving quality of life using a holistic approach o connect diagnosis with customized care plans. FYZICAL used the most relevant therapeutic techniques and state-of-the-art technology. FYZICAL Alexandria possesses a highly skilled, compassionate team of therapists. Services offered include TMJ Therapy, Balance Therapy Program, Concussion and Vestibular Therapy, Neurological Rehab, and Vestibular Rehab. The site benefits from excellent visibility and accessibility situated just off Coliseum Boulevard which see approximately 21,600 vehicles per day. Alexandria is the only mid-sized market in central Louisiana making it a vital medical hub for many surrounding communities, especially regarding specialty services such as those provided by Red River. The population within ten miles is approximately 95,000 earning an average household income of $73,000 per year.

Investment Highlights

  • Long-Term 10-Year Absolute-Net Sale-Leaseback Boasts Zero Landlord Responsibilities
  • Attractive 1 Percent Annual Rent Increases
  • Extremely Strong Guarantor
  • Parking Lot Expansion Investment By Tenant Shows Strong Commitment to the Site

Exclusively Listed By

Single-Tenant Office Medical

Red River ENT | 10-Year Absolute NNN Sale-Leaseback | 100% Occupied MOB

Listing Price: $5,279,000

Cap Rate
6.25%
Tenant Name
Red River ENT
Gross SF
15,710
Guarantor
Personal Guarantee
Rentable SF
15,710
Price/Gross SF
$336.03
Lease Type
Absolute Net
Rent Per Square Feet
$21.00

Investment Highlights

  • Long-Term 10-Year Absolute-Net Sale-Leaseback Boasts Zero Landlord Responsibilities
  • Attractive 1 Percent Annual Rent Increases
  • Extremely Strong Guarantor
  • Parking Lot Expansion Investment By Tenant Shows Strong Commitment to the Site

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 221 Windermere Boulevard in Alexandria, Louisiana. The subject property is a 15,710-square-foot, net-leased, medical office building. Red River ENT is offering this property as a sale-leaseback with a 10-year master lease. They are currently utilizing 81 percent of the property with FYZICAL Therapy & Balance Centers as a subtenant in the remaining space. There are zero landlord responsibilities which provides an excellent hedge against inflation. Attractive 1 percent annual rent increases, that ensures long term cash flow with 10-years guaranteed and four, five-year renewal options. The team of physicians at Red River ENT Associates are dedicated to providing the highest quality ear, nose, and throat care for the patients of Alexandria and the surrounding communities. Physicians on site integrate advanced surgical and non-surgical techniques with the latest in advanced technology, providing comprehensive and minimally invasive care. The practice is comprised of five well established doctors, four of which will all personally guarantee the terms of the sale-leaseback. FYZICAL Therapy & Balance Centers are a nationwide leader in physical therapy services with over 500 operating locations. FYZICAL therapists focus on improving quality of life using a holistic approach o connect diagnosis with customized care plans. FYZICAL used the most relevant therapeutic techniques and state-of-the-art technology. FYZICAL Alexandria possesses a highly skilled, compassionate team of therapists. Services offered include TMJ Therapy, Balance Therapy Program, Concussion and Vestibular Therapy, Neurological Rehab, and Vestibular Rehab. The site benefits from excellent visibility and accessibility situated just off Coliseum Boulevard which see approximately 21,600 vehicles per day. Alexandria is the only mid-sized market in central Louisiana making it a vital medical hub for many surrounding communities, especially regarding specialty services such as those provided by Red River. The population within ten miles is approximately 95,000 earning an average household income of $73,000 per year.

Exclusively Listed By

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