Prime Location: Positioned at a high-traffic intersection, enhancing visibility and accessibility.
Stable Tenant: RUMC has been at this location for 10 years, and recently exercised early their option to extend showcasing long-term stability and reliability.
Strong Lease Terms: Full corporate guarantee and annual rent increases.
Low Management Burden: Tenant handles all real estate taxes and property maintenance, reducing owner responsibilities.
This property offers a secure investment with a reputable tenant and favorable lease conditions, making it an attractive opportunity for investors seeking steady income and minimal management hassle.
Freestanding building on a large parcel at the busy corner of Hylan Blvd & Richmond Avenue.
Current Tenant: Richmond University Medical Center (RUMC)
Lease Term: 6 years remaining with annual rent escalations.
Lease Details: Full corporate guarantee by Richmond University Medical Center.
Responsibilities: RUMC covers 100% of real estate taxes and property maintenance. Investment Highlights: