community health systems (chs) - capital pacific · tennessee, chs is committed to building a...

10
3485 Northrise Dr, Las Cruces, NM 88012 COMMUNITY HEALTH SYSTEMS (CHS) CHRIS KOSTANECKI ck@capitalpacific.com | (415) 274-2701 CA BRE# 01002010 Representative Photo JOHN ANDREINI jandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433 BOB SANNER bsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657 For more info on this opportunity plse conct: Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate 505-259-6223 [email protected] Fortune 200 net leased urgent care facility

Upload: vuongminh

Post on 09-Dec-2018

213 views

Category:

Documents


0 download

TRANSCRIPT

3485 Northrise Dr, Las Cruces, NM 88012

COMMUNITY HEALTH SYSTEMS (CHS)

CHRIS [email protected] | (415) 274-2701 CA BRE# 01002010

Representative Photo

JOHN [email protected] | (415) 274-2715 CA BRE# 01440360

RICK [email protected] | (415) 274-2709 CA BRE# 01792433

BOB [email protected] | (415) 274-2717 CA BRE# 00869657

For more info on this opportunity please contact:

Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate 505-259-6223 [email protected]

Fortune 200 net leased urgent care facility

PROPERTY HIGHLIGHTS Excellent retail location - directly across from Walmart Supercenter, Walgreens and Murphy Oil (all recently opened)

Las Cruces is home to White Sands Missile Range – the US Army’s largest installation and largest military installation in the western hemisphere. It is also the second largest city in the state of New Mexico

There is 13% projected population growth in a 1-mile radius

TENANT - CORPORATE INFORMATION > Ranked #198 in 2012 Fortune 500

> $12.99 billion in 2013 net revenues

> $1.29 billion in working capital

> Total assets in excess of $17 billion

> Employs approximately 90,000 people > Guarantor of lease is Las Cruces Medical Center, LLC (Please contact listing agent for details)

LEASE DETAILS New 10-year lease with 1.5% annual increases

Certificate of Occupancy scheduled for December 1st, 2014

Rent Commencement scheduled for December 1st, 2014

Tenant responsible for all maintenance, repair, and replacement of building systems, plumbing, electrical, mechanical, and HVAC systems and equipment.

Landlord responsible for roof & structure

PURCHASE PRICE $2,962,800

Investment Highlights

Area Retail

FORTUNE 200 SINGLE TENANT NET LEASED URGENT CARE FACILITY IN LAS CRUCES, WHICH IS HOME TO NEW MEXICO STATE UNIVERSITY The subject property is leased to Las Cruces Medical Center, LLC - DBA Community Health Systems, Inc. (CHS) - an acute care hospital facility that caters to “walk-in” patients. The company owns, operates, or leases 135 hospitals in 29 states, with approximately 20,000 licensed beds.

YEAR ONE NOI . . . . . . . . . . . . .$192,582

RENTABLE SF . . . . . . . . . . . . . . 7,407

YEAR BUILT . . . . . . . . . . . . . . . 2014CAP RATE 6.5%

CHS | 2

56

25

10

10

25

85

180

180

85

70

70

342

28

342

E Loh

man

Ave

nue

E Uni

vers

ity A

venu

e

Amad

or R

oad

W P

icach

o Av

enue

Northrise

Drive

Northrise

Street

Rinconada

Boulevard

N Roadrunner Parkway

Sonoma Ranch Boulevard

S Main Street

N

Jornada Elementary School

Washington Elementary School

Camino Real Middle School

Dona Ana Elementary School

Hermosa Heights School

MacArthur Middle School

Las Cruces High School

Mayfield High School

MESILLA VALLEY MALL

N Main Street

3,032 DAILY

3,484 DAILY

32,651 DAILY

27,614 DAILY

31,149,DAILY

Aerial LOCATED IN BOOMING TRADE AREAExcellent retail trade area: Walmart Supercenter, Walgreens, Verizon, and a variety of other retailers

CHS | 3

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense

Representative Photo

PRICE $2,962,800

Price Per Square Foot: $400.00

Capitalization Rate: 6.50%

Total Rentable Area (SF): 7,407

Lot Size (Acres): 0.43

Year Built: 2014

STABILIZED INCOME Per Square Foot

Scheduled Rent $26.00 $192,582

Effective Gross Income $26.00 $192,582

LESS Per Square Foot

Taxes NN $0.00

Insurance NN $0.00

Total Operating Expenses $0.00

EQUALS NET OPERATING INCOME $192,582

Area Retail Photos

CHS | 4

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Rent Roll

TENANT INFO LEASE TERMS

Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly RentMonthly Rent/FT

Yearly Rent/FT

CHS 7,407 1 $192,582 $16,049 $192,582 $2.17 $26.00

2 $195,470 $16,289 $195,470 $2.20 $26.39

3 $198,402 $16,534 $198,402 $2.23 $26.79

4 $201,378 $16,782 $201,378 $2.27 $27.19

5 $204,399 $17,033 $204,399 $2.30 $27.60

6 $207,465 $17,289 $207,465 $2.33 $28.01

7 $210,577 $17,548 $210,577 $2.37 $28.43

8 $213,736 $17,811 $213,736 $2.40 $28.86

9 $216,942 $18,079 $216,942 $2.44 $29.29

10 $220,196 $18,350 $220,196 $2.48 $29.73

Current Totals: 7,407 $192,582 $16,049 $192,582 $2.17 $26.00

*Tenant has ten (10) one-year options to renew at 1.5% annual increases

RENT SUMMARY

Area Retail Photos

*Tenant has two 5-year options to renew the leaseEach option includes 1.5% annual increases

CHS | 5

Area Retail

ALL PHOTOS SHOW RETAIL LOCATED DIRECTLY ACROSS THE STREET FROM SUBJECT PROPERTY

CHS | 6

ABOUT COMMUNITY HEALTH SYSTEMS

NUMBER OF EMPLOYEES Approx. 135,000+

NUMBER OF LOCATIONS 208 Hospitals

Area Retail

Community Health Systems (CHS) was founded in 1985 and has grown to become one of the nation’s leading operators of general acute care hospitals. With a presence in 29 states, they employ approximately 90,000 people in more than 135 hospitals. Headquartered in a suburb of Nashville, Tennessee, CHS is committed to building a network of hospitals vital to the residents and economic development of the communities they serve.

Ranked as #198 on the 2012 Fortune 500 list, CHS is growing at a strong pace. Their aggressive business model offers an abundance of resources to all hospitals who are affiliated with them, such as major renovations and expansions, information systems upgrades, new equipment upgrades, and new service line enhancements.

Community Health Systems

Representative Photos

CHS | 7

Regional MapLas Cruces

NM

Location

CHS

Las Cruces

CHS | 8

Master Plan

Proposed Strip Center

31,149,DAILY

CHS | 9

LAS CRUCES, NM

Location & Demos

2013 HOUSEHOLD INCOMES

1-Mile 3-Mile 5-Mile

2010 3,564 39,560 96,7312013 4,143 42,140 99,8742018 (Projection) 4,634 46,064 105,710

1-Mile 3-Mile 5-Mile

Average $74,159 $64,582 $53,710Median $55,684 $49,819 $39,909

POPULATION

TOP EMPLOYERS IN LAS CRUCES

Las Cruces is the county seat of Doña Ana County, New Mexico, United States. The population was 97,618 in 2010 according to the 2010 Census, making it the second largest city in the state.

Las Cruces’ is one of the fastest-growing metro areas in New Mexico and among the top 10 in the United States. The median age is younger than the state or national average, providing a prime, mostly bilingual, labor source.

The four mainstays of the local economy are agriculture, commerce, education, and defense/aerospace. Since World War II, federal, state, and local government have become the main source of jobs in the area, due to the proximity of New Mexico State University (NMSU) and White Sands Missile Range.

NMSU is the city’s largest employer, and it also provides training and education for research facilities at White Sands. White Sands Missile Range is the Army’s largest installation, and the largest military installation in the Western Hemisphere covering more than 2.2 million acres, and is used by the Navy, Air Force, and NASA. Other government agencies, universities, private industries, and even foreign militaries conduct research there as well.

Employer # of Employees (Approx.)

New Mexico State University 6,500

White Sands Missile Range 4,500

Las Cruces Public Schools 3,000

CHS | 10