The company said it had signed a purchase contract to buy a 27,280 sq ft cardiac clinic on 5 June 2017 and that it was going to sign a new, 12-year, triple-net lease
with the Lubbock Heart Hospital.
Under a triple-net lease
, the tenant assumes responsibility of the property's ongoing operating costs (taxes, insurance, maintenance) in exchange for a long-term lease.
The 15-year, triple-net lease
with 12 percent rent increases every five years and two five-year options to renew is now guaranteed by Advocate Health and Hospitals Corp.
Best Buy has a long-term triple-net lease
on the approximately 45,231-square-foot building, which is located on a 4.
The company said it plans to produce increasing, reliable rental revenue by expanding its portfolio, and leasing each of its healthcare facilities to a single market-leading operator under a long-term triple-net lease
The lease was a triple-net lease
, and the accommodation party also assigned other leases associated with the property.
The property is leased to HealthSouth Mesa Rehabilitation Hospital under a triple-net lease
M2 EQUITYBITES-October 6, 2016-NHI, Bickford to Convert RIDEA JV to Triple-Net Lease
The tenant, International Students Residence, has a 10-year triple-net lease