community health systems (chs) - capital pacific · tennessee, chs is committed to building a...
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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%
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25
10
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25
85
180
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342
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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
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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
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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
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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
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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
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