Broker of Record Kyle Matthews License No. 22684 (SC) Matthews Retail Group, Inc. 841 Apollo Street Suite 150, El Segundo, CA 90245 (310) 919-5757
Medical Real Estate — Healthcare properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
Brand New 5 Year Commitment – Tenant just resigned a new 5 year lease extension, demonstrating a very strong commitment to the site.
Upgraded Facility – In 2016 Piedmont Medical Center put $1.4 Million dollars into this site to convert it into an imaging center.
Minimal Landlord Responsibilities – NN property, landlord is only responsible for structure of the building, making this a very hands off investment.
Naked Lease – Tenant has no options to renew after the current term, providing the landlord with an opportunity to negotiate a new lease upon expiration
Strategic Synergy – Located conveniently in strong retail corridor directly down the street from Walmart Supercenter and Lowes on East Liberty/Route 161, surrounded by other medical tenants, creating substantial medical/retail synergy.
Only Facility in Town – York Imaging Center is the only Imaging Center in an 11 mile radius, they receive referrals from area physicians and hospitals for the western portion of York County.
Serving the Community – When this facility opened, imaging services closer to home and work for people in western York County was one of the top healthcare needs in York County according to area physicians, PMC officials said.
Imaging Defined – Diagnostic imaging is the term used to describe the ways physicians look inside patients. Diagnostic imaging is used to monitor an existing health condition, investigate a concerning symptom, or pin down a diagnosis.
Changes in Healthcare – As health systems expand into new markets and try and reach as many patients as possible, outpatient facilities that are located conveniently in retail corridors will continue to thrive.
Fully Equipped – This state-of-the-art facility houses a 16-slice CT; Ultrasound; Screening Mammography; Bone Density ; and X-Ray. They serve outpatients only, which eases scheduling and reduces waiting times, while maintaining high quality clinical standards.
Coast to Coast Operations – Tenet Health operates over 500 locations nationwide and have a presence in almost all national markets.
Growing Sector in Healthcare Industry – The global diagnostic imaging market is expected to reach an estimated $33.2 billion by 2022, and is forecasted to grow at a CAGR of 3.4% from now until 2022.
$2.38 Billion – Tenet Health’s stock currently has a market cap of $2.38 billion. In July Citigroup raised their price target on Tenet Healthcare and gave the stock a “buy” rating in a research report.
Expanding Operations – Tenet Health continues to expand, they own a majority share of United Surgical and last year increased its ownership to 80%, the USPI-Tenet joint venture is the nation’s largest provider of ambulatory surgery, including 20 imaging centers, more than 90 urgent care facilities, and more than 265 short stay surgical facilities.