Medical Sale Leaseback | Oxford, MS | 7.25% Cap Rate

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale a single tenant, absolute net lease Willow Pain & Management sale leaseback opportunity in Oxford, MS (home of Ole Miss).  The property is strategically located in Oxford’s medical district, only +/-0.8 miles from the new Baptist Memorial Hospital-North Mississippi.  The Willow Pain & Wellness lease will have an initial primary term of ten years upon commencing at closing. This absolute net lease will feature 1% annual rental escalations in the primary term, and 10% increases for each of the five year renewal option periods. Please contact Elizabeth J. Randall, CCIM or Brian P. Phillips, CCIM for more information.

Click HERE for Offering Memorandum

  • Offering Price:  $2,140,690
  • Cap Rate:  7.25%
  • Annual Rent/NOI:  $155,200 | $25 psf
  • Building Size:  ±6,208 sq. ft.*
  • Lot Size:  ±0.76 acres*
  • Lease Type:  Absolute NNN
  • Tenant Entity:  Willow Pain & Wellness, LLC
  • Initital Lease Term:  10-years
  • Five (5), Five (5) year options
  • 10% increase per option
  • Guarantor:  Personal (Full 10-year primary term)

Tenant Profile:  Willow Pain & Wellness utilizes a comprehensive, multimodal approach to the management of a multitude of chronic painful conditions, including procedural, medical, psychotherapeutic, and rehabilitative efforts.  Dr. Kirk Kinard has a special interest in, and will focus his general approach, toward acheiving his treatment goals (pain relief, improved physcial function, enhanced quality of life) while minimizing the role of medications which can result in chemical dependency and addition.

*Source:  Owner provided data.

General Info

Category: Recent/Closed Projects

Type: Investment

Price: $2,140,690 | 7.25% Cap Rate

Address: 2215 Jefferson Davis Drive, Oxford, MS 38655

Listing Page: Click to View Loopnet Listing Page

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