Assisted Living & Memory Care Community - South Windsor
1000 Cottonwood Ln, South Windsor, CT, 06074, US
JLL is pleased to offer the opportunity to acquire the CMC – Center for Family Medicine – Peachview and Gibbs Cancer Center & Research Institute - Gaffney, a single-tenant medical center located at 722 Hyatt St, Gaffney, SC (the “Property” or “Asset”). The Asset is leased to Spartanburg Regional Healthcare System (the “Tenant” or “SRHS”) who recently extended their net lease with a fresh 10 years of term remaining, 2.50% annual bumps and one, five-year renewal option.
The Asset serves as a primary care and cancer center, providing day-to-day care and cancer treatments to the community through its 11 physicians. The center is a part of the Spartanburg Regional Healthcare System (SRHS), the second largest healthcare system in South Carolina with 166 total medical sites. The network is investment grade, receiving a A2 rating from Moody’s, with a recent upgrade in September 2023. SRHS generates a total patient revenue of $5.7 billion with strong profitability, generating $239.6 million of EBITDA, and a healthy balance sheet.