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Aspirus St. Luke’s Superior Clinic 109 N 28th St E 28,928 SF Office Building Superior, WI 54880 $13,160,124 CAD ($454.93 CAD/SF) 7% Cap Rate
Investment Highlights
- Investment Grade Credit: This is a corporate lease with Aspirus Health (S&P:AA-) parent company, offering a full backstop of the lease obligations
- Absolute NNN Lease Structure: The tenant is responsible for all property expenses, including roof and structure
- Stable Long-Term Yield: With just under 7 years of term remaining, the asset offers durable and predictable cash flow from a “sticky” medical tenant.
- Dominant Regional Health System: Headquartered in Wausau, WI, Aspirus Health (S&P: AA-) is a dominant healthcare network operating 18 hospitals
- Aggressive Rent Growth: The lease features 3.00% annual rental increases, providing superior income growth.
- Favorable Demographics: According to the U.S. Census Bureau, Superior has a favorable population
Executive Summary
Matt Fitzgerald
License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
- -
- -
- -
À tous ceux qui habitent Northland, Aspirus St. Luke's et Aspirus Lake View offrent une excellence médicale, une technologie de pointe et une compassion authentique. Ils font partie d'Aspirus Health, un réseau de 18 hôpitaux et de 130 établissements ambulatoires dans le nord-est du Minnesota, le nord et le centre du Wisconsin et la péninsule supérieure du Michigan. Fondé sous le nom d'Aspirus St. Luke's — le premier hôpital de Duluth — il y a près de 150 ans, ils sont profondément investis dans les communautés qu'ils desservent. Les personnes dont ils s'occupent sont leurs voisins. C'est pourquoi vous pouvez vous attendre à recevoir les meilleurs soins, près de chez vous, d'une équipe passionnée par votre santé et votre bien-être.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 02-802-07098-15 | Improvements Assessment | $4,961,837 CAD |
| Land Assessment | $137,562 CAD | Total Assessment | $5,099,400 CAD |
Property Taxes
Contacts
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Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Kyle Mackulak -
Matthews Real Estate Investment Services
Presented by
Aspirus St. Luke’s Superior Clinic | 109 N 28th St E
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