Adventist Health (BBB+) NNN Medical Office

Highlights:

• 8,400 SF single-tenant, net-leased medical office
• 100% Occupied by Adventist Health (BBB+ credit)
• 3% Annual Increases
• 6.95% average cap rate over initial term

Description:

Marcus and Millichap is pleased to present 1531 Plumas Ct, an 8,400 square foot, off campus, single-tenant medical office. 1531 Plumas Ct. is located just east of Live Oak Blvd in Yuba City, CA, just 40 miles north of Sacramento. The property sits in a heavily trafficked, medical corridor flanked on all sides by a Dialysis center, long-term care center, a home health and hospice care center, and a psychiatric center. The building was constructed in 2008 and will be delivered with a re-slurried/striped parking lot.

Adventist Health (BBB+ Credit) recently signed a 5.5 year NNN lease extension and
expanded their clinic into the rest of the rentable space in the building, showing a
strong commitment to the location and their patient base. This location includes an
occupational health clinic and will soon add a urology clinic that will allow them to
provide numerous services to the population of over 180,000 in the Yuba City
metropolitan area.

Yuba City is the agricultural, economic, and social hub of the Yuba-Sutter region. Yuba
City provides residents and visitors numerous entertainment, retail, and local restaurant
options all with a small town feel.

1531 Plumas represents a unique opportunity to acquire a single-tenant, net leased medical asset occupied by one of the strongest healthcare groups in Northern California. This property provides strong cash flow day one, very limited landlord responsibility, and extremely rare 3% annual increases.

Documents: