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Patrick Forkin

Baum Realty Group, LLC

Office Phone: 312-275-3117

Cell Phone: 312-275-3117

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Published on: Friday, March 6, 2015 2:34:46 AM
Updated on: Monday, March 9, 2015 10:38:28 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Wisconsin-40999

Status: Accepting Offers

Financing: Owner Financing

Occupancy: 100%

Year Build: 0

 

Building Size: 10,974 SqFt

Lot Size: 0 Acre

No of Stories: 1

No of Parking: 54

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: SouthernCare, Inc. was founded in 1995 and is a leading hospice provider in the U.S. Based out of Birmingham, AL, SouthernCare provides services for individuals who reside in group and private homes, assisted living, and skilled nursing facilities. With over 75 offices in 15 states, this privately held company cares for over 3,000 patients each day, operating in non-metropolitan areas with a high need for hospice services. Each SouthernCare office is run by a Clinical and Public Relations Director, who also live in close vicinity of the office. Registered Nurse case Managers, Social Workers, Hospice Aides, Chaplains, and volunteers compose the rest of SouthernCare office team members. There are over 1,400 full and part time employees. approximately 200 locations across 40 states. Both are NNN leases.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 10,974 SqFt.

No of Stories: 1

Total Lot Area: 0.00 Acre

No of Parking: 54

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 100%

Full Description


Green Bay, Wisconsin is a city of approximately 107,000 residents located in eastern Wisconsin. Green Bay is the third largest city in the State of Wisconsin behind Milwaukee and Madison. 1800 Mason Street is located just west of downtown Green Bay and Mason Street is a major east/west corridor that runs through the heart of Green Bay. Located just off of Route 41 (full access), the property gets tremendous visibility and traffic to both downtown to the east and shopping with major retailers to the west. Lambeau Field, home of the Green Bay Packers, and Austin Straubel International Airport is just to the South. The site features a large pylon sign at the south east corner of the site. The sign is larger than municipality regulation size but has been grandfathered into the property.

Additional Properties


Features
  • Strong credit - SouthernCare (75 locations) and AffordableCare (200 locations)
  • New leases with 2% annual rent increases
  • Two blocks from Aurora BayCare Health Center
  • Excellent exposure & visibility to Hwy-54
  • One block from US-41 full interchange (99,000 VPD)
  • Nearby retailers include: Walmart, Sam's Club, The Home Depot, Gander Mountain, Festival Foods and more
  • Located between Notre Dame Academy and Northeast WI Technical College
  • Recent renovation in 2013

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2014
$213,015.00
$0.00
$24,228.00
$188,787.00
$0.00
0%
Cash Flow for Current Listings

Attached Documents


 Download | Family Dollar - LA - Lake Arthur.pdf ( 2,000.24KB)

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