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Posted: Tuesday, March 21, 2017 3:27 PM

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Eion Snell - (954) 629-6215

License# 3254196


Office Property For Sale

NNN MED - $1.2M in Rent Profit - 3% annual incr

833 S Governors Ave, Dover, DE 19904

Price: $6,598,000
Building Size: 10,000 SF
Price/SF: $659.80
Property Type: Office
Property Sub-type: Medical Office
Additional Sub-types: Acute Care Hospital
Free Standing Bldg
Property Use Type: Net Lease Investment with 10+ years left on lease
Cap Rate: 5%
Occupancy: 100%
Building Class: B
Tenancy: Single
Lot Size: 1.50 AC
Last Verified: 11/7/2016
Listing ID: 20034292


Highlights

  • 100% Recapture of initial investment over lease term with $1.2 million in PROFIT
  • Rare 3% annual increases
  • Recession Proof Tenant - 40 plus operating history
  • Tenant just renewed lease for 18 years and increases rents by $70,000 in 2017, Showing the strength of this location
  • Large Corporate Guarantee
  • Within 1/2 Mile of the Bayheatlh Medical Hospital and other Medical Centers.

Description

We are pleased to offer this absolute Corporate NNN Medical investment property to qualified buyers. Largest Surgical Eye Care Tenant in the US (ESP and Varsity Partners). This location is doing so well that the tenant just renewed lease for 18 more years with a $70,000 rent increase in 2017. There is no medical or pharmacy investment that beats this on the market. Investor will earn 100% back of his initial investment plus $1.2 Million in Profit over the base term of the lease.

Rare 3% annual increases!!!!! Call Broker for more information

Located in Dover city center and near its medical corridor.


Eion Snell - (954) 629-6215

License# 3254196


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

CJ6DL9M

• Location: Birmingham, Dover, DE

• Post ID: 16739896 birmingham
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