STNL Medical Office | 15-Year Sale Leaseback – Furman Capital Advisors

STNL Medical Office | 15-Year Sale Leaseback

STNL Medical Office | 15-Year Sale Leaseback -

Marketing Description

Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a STNL Medical Office Building in Simpsonville, SC.

Investment Highlights

• Long-Term Lease: Sale-leaseback with a new 15-year initial lease term and four 5-year options.

• Attractive Lease Structure: The Sale-Leaseback structure is Absolute Net providing a buyer with true mailbox money.

• Favorable Rent Growth: The Sale-leaseback includes 2.50% annual rent increases to hedge against inflation and provide long-term value creation.

• Seasoned Healthcare Provider: The Tenant, Tribe513, is a partnership between Parkside Pediatrics and Brio Internal Medicine consisting of 12 locations, 72 physicians, 375+ team members, and over 60,000 patients. Tribe513 has an MSO partnership with the Medical University of South Carolina (MUSC is not a party to the sale-leaseback).

• Award Winning Healthcare Provider: Parkside Pediatrics has been voted by the community as the “Best Pediatrician in the Upstate” and Brio has been voted “Best Primary Practice in the Upstate.”

• Abundant Market Healthcare Growth: The healthcare job market in the Upstate has grown 8.9% over the past 5-years and is expected to grow an additional 12.2% in the next 5-years.

• Highly Desirable Submarket: The property is located in one of the most desirable submarkets in the Upstate of South Carolina providing access to population density and a strong patient base.

• Booming Greater Market: The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.

• High Demand Growth Market: South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.

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Confidentiality Agreement Form


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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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