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Brawley, CA - Behavioral Health Services
229 E. Main Street | Brawley, CA 92227
$2,073,000
Price7%
Cap Rate$145,135
NOI6,475
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership), County of Imperial guaranteed, Behavioral Health Services Department, investment property located in Brawley, CA. The tenant recently executed a brand new 10-year lease, demonstrating their commitment to the site. The lease features annual increases equal to lessor of CPI or 3%. Tenant pays an additional $60,606 each year as amortized Tenant Improvement rent during the initial term of the lease. The site is an expansion of the Imperial County Behavioral Health Services Department, which is located across from the subject property. Furthermore, the lease does not feature termination rights for tenant due to a loss in funding, which is very rare for government entity tenants. Restrictive local zoning code within the city considerably limits the number of medical office properties and imposes high barriers to entry for new properties. The subject property is one of few buildings in the city that has a medical office designation, having successfully completed a lengthy and arduous conditional use permit process.
Location
The subject site is strategically located along W. Main Street/State Highway 86 (20,600 VPD), the major thoroughfare traveling into Brawley. The asset is well positioned as an outparcel to a Dollar Tree anchored center, with other nearby national/credit tenants including Walmart Supercenter, Vons, Rite Aid, Dollar Tree, O’Reilly Auto Parts, and more, increasing consumer draw to the immediate trade area and promoting crossover synergy to the site. In addition, the site is just 1.6 miles north of Pioneers Memorial Hospital, a state of the art, 107-bed, acute care facility. The 5-mile trade area is supported by 27,300 residents with an average household income of $69,700.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215