3224 elua street county of kauai, lihue, hi 96766 fee · pdf file for sale 3224 elua street...

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  • CONTACT US

    FOR SALE | MEDICAL FACILITY

    3224 ELUA STREET COUNTY OF KAUAI, LIHUE, HI 96766

    www.cbre.us/hawaii

    SALE| NET GROUND LEASE INVESTMENT

    PROPERTY DETAILS

    Sale Price $1,200,000

    TMK 4-3-6-006-033

    Land Size 21,180 SF

    Main Building Size 4,564 SF, built 1986

    Annex Building Size 1,287 SF, built 1996

    Zoning R-6 with use permit - Medical & Nursing

    Tenure Fee Simple

    Credit Tenant Liberty Dialysis

    Parking 16

    Construction Type Wood Commercial

    EXISTING INCOME FEE SIMPLE

    NORBERT M. BUELSING Senior Vice President +1 808 478 4939 [email protected] Lic. RB-14812

    PETER N. GROSSMAN Senior Vice President +1 808 282 0086 [email protected] Lic. RS-68843

    JIE MING XIE Associate +1 808 277 0435 [email protected] Lic. RS-73904

    LIC. RB-20142

  • FOR SALE 3224 ELUA STREET

    KAUAI COUNTY LIHUE HI 96766

    www.cbre.us/hawaii

    PROPERTY SUMMARY

    OPERATING CASHFLOW

    Excellent opportunity to purchase a fee-simple, net ground lease investment having a long term, in-place lease to a well-established medical services provider.

    + Highly visible corner parcel

    + Annual average daily traffic count: 13,600 (HDOT data)

    + Centrally-located on Kauai:

    − Wilcox Memorial Hospital: 0.5 miles

    − Downtown Lihue: 0.7 miles

    − Lihue Airport: 1.3 miles

    − Kukui Grove Shopping Center: 1.5 miles

    The lease stipulates annual increase of the greater than 3% or CPI. 2018 ground rent is $41,375.00 NNN.

    Entrance from parking lotView from Ahukini RoadParking lot view

    INVESTMENT HIGHLIGHTS + Long-term NNN ground lease in place through January 14, 2031

    + 3% annual rent increases

    + Triple net lease. Tenant is responsible for all operating expenses, property taxes, repairs and replacements

    LIC. RB-20142

  • FOR SALE 3224 ELUA STREET

    KAUAI COUNTY LIHUE HI 96766

    www.cbre.us/hawaii

    FINANCIAL INFORMATION

    Dialysis treatment area in annex building Office area in main building

    INCOME

    Current Ground Rent $41,375.00

    GET Reimbursement $1,813.19

    TOTAL INCOME $43,188.19

    EXPENSE

    GET $1,732.30

    NET INCOME $41,455.89

    TENANT SUMMARY Liberty Dialysis, a subsidiary of Fresenius Medical Care North America (FMCNA), and the Fresenius Kidney Care dialysis network, has been operating successfully in Hawaii for 17 years. FMCNA operates more than 2,200 dialysis facilities worldwide with recorded revenues of $17.9 billion, and operating income of $1.0 billion in 2016.

    FMCNA is the premier health care company focused on providing the highest quality care to people with renal and other chronic conditions. As the world’s only fully vertically integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals.

    2017 DEMOGRAPHIC ESTIMATES

    1 Mile 3 Miles 5 Miles

    Population 7,481 15,729 16,854

    Households 2,527 5,122 5,393

    AVG Household Income $77,433 $85,226 $86,065

    Employees 4,192 8,448 9,063

    Daytime Population 10,549 22,161 22,943

    Households with Vehicles 2,444 4,789 5,020

    LIC. RB-20142

  • FOR SALE 3224 ELUA STREET

    KAUAI COUNTY LIHUE HI 96766

    © 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PG:JS _ IV43LibertyDialysis_EluaKAUAI_06.14.2018

    www.cbre.us/hawaii

    AERIAL MAP

    LIC. RB-20142