Broker of Record Kyle Matthews License No. 1972189 (CA) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 (310) 919-5757
Matthews Real Estate’s Healthcare Division is pleased to offer for sale an Absolute NNN Freestanding Imaging Facility leased by Radnet Imaging, the largest operating of freestanding imaging facilities in the country. This state of the art facility, located in a dense healthcare corridor, offers a potential investor the opportunity to acquire a very strong healthcare investment with a stable long-term outlook.
Strong Corporate Guaranty –Radnet currently operates 323 locations across the country and have a current market cap of $661M. Prospective investors should note the strong likelihood that the size of Radnet’s guarantee will increase, as the company is strong performing and fast growing, quadrupling in size since 2006.
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.
Preferred By Physicians – RadNet maintains some of the most preferred outpatient imaging sites by referring physicians. They offer a complete range of advanced imaging services on state-of-the-art imaging equipment.
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.
Hands Off Investment – This is an absolute NNN asset with zero landlord responsibilities, giving prospective investors passive “mailbox money” that they can rely on for years to come.
Robust Demographics – The subject property is situated off the Yosemite Freeway, which boasts daily traffic counts exceeding 110,000. There are more than 122,000 individuals residing within a three-mile radius of the subject property and more than 334,000 individuals residing within a five-mile radius and projected growth of near 4% over the next 5 years.
Strong Real Estate Fundamentals – The subject property benefits from being well-positioned in a highly dense medical and retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity of this property.
Strategic Location– Strategic location to healthcare operators, located in a medical park that features local and regional tenants as well as national operators, only 2 Miles away from the Saint Agnes Medical Center.
Imaging Defined – Diagnostic imaging is the term used to describe all the different ways that physicians look inside patients. A diagnostic imaging center has equipment and trained specialists to perform those tests. Diagnostic imaging is used to monitor an existing health condition, investigate a concerning symptom, or pin down a diagnosis. It can be used to guide treatments so that the doctors can give the least invasive treatments possible.
Unique Business – Outpatient imaging centers thrive when they receive strong referrals and are priced competitively compared to other options in the area.
Changing Healthcare – As health systems expand into new market and try and reach as many patients as possible, outpatient facilities such as this one that are located conveniently in retail corridors will continue to thrive.