Ethema Health

950 Evernia Street, West Palm Beach, FL
Deal Type:
Sale Leaseback
Price:
$10,000,000
Cap Rate:
6.00%
Current Rent:
$600,000
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year or Two, 10-Year
Building Sq. Ft.:
21,502 SF
Rent Increases:
3.00% Annual
Site Size:
0.21 Acres
  • Rehabilitation Facility Sale Leaseback Stream Capital Partners
  • Rehabilitation Facility Sale Leaseback Stream Capital Partners
  • Rehabilitation Facility Sale Leaseback Stream Capital Partners
  • Rehabilitation Facility Sale Leaseback Stream Capital Partners

Investment Highlights

  • 10-year absolute triple net lease with attractive 3.0% annual increases
  • Strong tenant profile with 136% YoY revenue growth
  • State-of-the-art addiction rehabilitation center with significant capital investment
  • SLB proceeds will be used to fund business growth opportunities and new locations
  • Prime West Palm Beach location across the street from the Amtrak, Tri-rail, and bus stations
  • Excellent access via I-95, U.S. Route 1, and the Palm Beach International Airport just minutes away

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409
Jeff@stream-cp.com

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Broker of Record: Jonathan Wolfe, Lic. #BK350717

X

Due Diligence

https://www.stream-cp.com/wp-content/themes/StreamTheme2020View/Download Due Diligence in Dropbox

Please enter the password to access due diligence.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Jeff@stream-cp.com.

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format

    If you have made changes to the Word version of the NDA, please attach it here

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






    View All Listings