Single-Tenant Office Medical

Single Tenant NNN Urgent Care

Listing Price: $3,368,123

Cap Rate
6.50%
Tenant Name
American Family Care Urgent Care
Gross SF
3,467
Guarantor
Franchisee Guarantee
Rentable SF
3,467
Price/Gross SF
$971.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.15

Investment Overview

Available for sale is a brand-new construction, single-tenant American Family Care in Farmington, New Mexico. The subject property sits at the intersection of East Main Street, Farmington's key retail and service corridor, and Browning Parkway, the main entrance to Farmington from the south. Adjacent to a new construction Starbucks, Verizon and Planet Fitness and fronting a redeveloping shopping center with a pending grocery anchor, the site benefits from traffic counts of over 37,000 VPD and exceptional visibility.

The lease with Bloom Farmington, LLC, a strong, experienced operator/franchisee with a personal guaranty, has a fifteen-year primary term and two consecutive five-year options. There are 10% rental increases in years 6 and 11 of the primary term as well as years 16 and 21 if options are exercised. Tenant pays all expenses and property is maintained by the shopping centers Maintenance Director. The Landlord is responsible for roof and structure.

Investment Highlights

  • Fifteen-Year Primary Term with Two Five-Year Options
  • 10% Rental Increases in Years 6 & 11
  • 10% Rental Increases in Years 16 & 21 if Options Exercised
  • Strong, Experienced Operator/Franchisee

Exclusively Listed By

Single-Tenant Office Medical

Single Tenant NNN Urgent Care

Listing Price: $3,368,123

Cap Rate
6.50%
Tenant Name
American Family Care Urgent Care
Gross SF
3,467
Guarantor
Franchisee Guarantee
Rentable SF
3,467
Price/Gross SF
$971.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.15

Investment Highlights

  • Fifteen-Year Primary Term with Two Five-Year Options
  • 10% Rental Increases in Years 6 & 11
  • 10% Rental Increases in Years 16 & 21 if Options Exercised
  • Strong, Experienced Operator/Franchisee

Investment Overview

Available for sale is a brand-new construction, single-tenant American Family Care in Farmington, New Mexico. The subject property sits at the intersection of East Main Street, Farmington's key retail and service corridor, and Browning Parkway, the main entrance to Farmington from the south. Adjacent to a new construction Starbucks, Verizon and Planet Fitness and fronting a redeveloping shopping center with a pending grocery anchor, the site benefits from traffic counts of over 37,000 VPD and exceptional visibility.

The lease with Bloom Farmington, LLC, a strong, experienced operator/franchisee with a personal guaranty, has a fifteen-year primary term and two consecutive five-year options. There are 10% rental increases in years 6 and 11 of the primary term as well as years 16 and 21 if options are exercised. Tenant pays all expenses and property is maintained by the shopping centers Maintenance Director. The Landlord is responsible for roof and structure.

Exclusively Listed By

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