Oak St. Health – Gary, IN_Actifs en vente

4900 Broadway, Gary, IN, 46408-4605, US

Oak St. Health – Gary, IN

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 7,597 square foot freestanding, single-tenant Oak Street Health located at 4900 Broadway in Gary, Indiana (“Property” or “Asset”). Oak Street Health is highly profitable at the location and recently signed a brand new 15-yr lease with 2.50% annual rent escalators.

The Asset is 100% leased to Oak Street Health MSO, LLC (the “Tenant”), a leading provider of primary care for Medicare-eligible adults and the chosen provider of AARP. Oak Street Health was acquired by CVS Health (S&P: BBB) in May 2023, and serves over 225,000 patients in 225 locations. CVS plans to open 26 Oak Street Health clinics inside existing CVS stores in 14 states by the end of 2024. Oak Street Health has reduced patient hospital admissions by 51% and 30-day readmission rates by 42%.

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Caractéristiques de l'actif

Prix attendu

3 189 000 €

Taux de capitalisation

7 %

Revenu net

224 000 €

WALT

15 années

Surface de l'actif brut

706 m²

Taille du terrain Brut

0,27 hectare

Média

Points clés d'investissement

Oak Street Health is a leading provider of primary care for Medicare-eligible adults
Parent company: CVS Health Corp (S&P: BBB)
Above market annual 2.50% rent escalations
Combined $145,000 of renovations in 2019 and 2023
135,000 residents within a 5-mile radius, just 25 miles SE of downtown Chicago
Oak Street Health is an AARP trusted primary care provider and is partnered wtih Humana Inc.
Nearby Indiana University Northwest wtih 3,500+ students