STREAM Capital Partners > Properties > All Properties > Plumas District Hospital

Plumas District Hospital

Sale Leaseback

80 Main St, Quincy, CA
Price:
$602,278
Cap Rate:
7.5%
Current Rent:
$50,342
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
3 years
Landlord Responsibilities:
Foundation, Exterior Walls, Roof, Structure, and major plumbing and Electrical
Renewal Options:
Month to Month, subject to LL approval
Building Sq. Ft.:
3,496 SF
Rent Increases:
3.00% Annually
Site Size:
0.30 Acres

Investment Highlights

  • Strong Corporate Lease: Corporate guarantee from Plumas District Hospital (PDH). PDH is a critical access hospital located in Quincy, CA
  • Strong Rental Increases: 3.0% Annual increases throughout the main term and options
  • Low Rent: This is a new lease at a low rent, which will help longevity and profitability at this site
  • Small Price Point Deal: Bite size healthcare investment with a large corporate tenant. Perfect asset for 1031 exchange buyer or first time healthcare investor
  • Critical Access Hospital: High quality healthcare provider which offers an array of services. 16 licensed beds and over 235 employees
  • Strong Retail/Medical Location: This asset is location on Main Street, right next to the High School and primary grocery anchored shopping center
  • Community Investment: PDH has spent millions over the last year, updated their facilities, mostly on new equipment and a new construction skilled nursing facility, which will serve the local community
  • Norther California Location: The property is a short drive from Lake Tahoe, Reno Nevada and Sacramento
Price:
$602,278
Cap Rate:
7.5%
Current Rent:
$50,342
Lease Type:
DoubleNet
Lease Term:
3 years
Landlord Responsibilities:
Foundation, Exterior Walls, Roof, Structure, and major plumbing and Electrical
Renewal Options:
Month to Month, subject to LL approval
Building Sq. Ft.:
3,496 SF
Rent Increases:
3.00% Annually
Site Size:
0.30 Acres

Listing Agents

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Connor Shell, Lic. #01993313

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