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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. BUELSINGSenior Vice President+1 808 478 [email protected]. RB-14812
PETER N. GROSSMANSenior Vice President+1 808 282 0086 [email protected]. RS-68843
JIE MING XIEAssociate+1 808 277 [email protected]. RS-73904
LIC. RB-20142
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FOR SALE3224 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
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FOR SALE3224 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 SUMMARYLiberty 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
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FOR SALE3224 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