Single-Tenant Net Leased Investment Property
$2,637,000
501 E Almond Avenue, Madera, CA 93637
6
Cap Rate
158,212
NOI (May 2019 - April 2020)
Details:
Description:
This property is located 0.5 miles from Madera Community Hospital, 0.4 miles from Hwy 99, and is part of Bronco Professional Park – which also includes Camarena Health. Camarena Health opened in 1980 and over the last 30+ years has become on the largest local community-based health care providers, offering both medical and dental services, with over 27,000 patients. DaVita is current paying $1.42 psf NNN, which is well below market rent for a medical tenant in the market. In comparison, Camerena Health is paying $1.80 psf NNN. This low rent, and five-year lease extension, shows a commitment to this location by DaVita.
This property offers an investor long term stable income with a strong tenant committed to serving the Madera market.
Documents:
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Offering Memorandum
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Location
Gallery
