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FOR SALE | MEDICAL FACILITY

3224 ELUA STREET COUNTY OF KAUAI, LIHUE, HI 96766

www.cbre.us/hawaii

SALE| NET GROUND LEASE INVESTMENT

PROPERTY DETAILS

Sale Price $1,200,000

TMK 4-3-6-006-033

Land Size 21,180 SF

Main Building Size 4,564 SF, built 1986

Annex Building Size 1,287 SF, built 1996

Zoning R-6 with use permit - Medical & Nursing

Tenure Fee Simple

Credit Tenant Liberty Dialysis

Parking 16

Construction Type Wood Commercial

EXISTING INCOME FEE SIMPLE

NORBERT M. BUELSINGSenior Vice President+1 808 478 4939norbert.buelsing@cbre.comLic. RB-14812

PETER N. GROSSMANSenior Vice President+1 808 282 0086 peter.grossman@cbre.comLic. RS-68843

JIE MING XIEAssociate+1 808 277 0435jie.xie@cbre.comLic. RS-73904

LIC. RB-20142

FOR SALE3224 ELUA STREET

KAUAI COUNTY LIHUE HI 96766

www.cbre.us/hawaii

PROPERTY SUMMARY

OPERATING CASHFLOW

Excellent opportunity to purchase a fee-simple, net ground lease investment having a long term, in-place lease to a well-established medical services provider.

+ Highly visible corner parcel

+ Annual average daily traffic count: 13,600 (HDOT data)

+ Centrally-located on Kauai:

− Wilcox Memorial Hospital: 0.5 miles

− Downtown Lihue: 0.7 miles

− Lihue Airport: 1.3 miles

− Kukui Grove Shopping Center: 1.5 miles

The lease stipulates annual increase of the greater than 3% or CPI. 2018 ground rent is $41,375.00 NNN.

Entrance from parking lotView from Ahukini RoadParking lot view

INVESTMENT HIGHLIGHTS + Long-term NNN ground lease in place through January 14, 2031

+ 3% annual rent increases

+ Triple net lease. Tenant is responsible for all operating expenses, property taxes, repairs and replacements

LIC. RB-20142

FOR SALE3224 ELUA STREET

KAUAI COUNTY LIHUE HI 96766

www.cbre.us/hawaii

FINANCIAL INFORMATION

Dialysis treatment area in annex building Office area in main building

INCOME

Current Ground Rent $41,375.00

GET Reimbursement $1,813.19

TOTAL INCOME $43,188.19

EXPENSE

GET $1,732.30

NET INCOME $41,455.89

TENANT SUMMARYLiberty Dialysis, a subsidiary of Fresenius Medical Care North America (FMCNA), and the Fresenius Kidney Care dialysis network, has been operating successfully in Hawaii for 17 years. FMCNA operates more than 2,200 dialysis facilities worldwide with recorded revenues of $17.9 billion, and operating income of $1.0 billion in 2016.

FMCNA is the premier health care company focused on providing the highest quality care to people with renal and other chronic conditions. As the world’s only fully vertically integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals.

2017 DEMOGRAPHIC ESTIMATES

1 Mile 3 Miles 5 Miles

Population 7,481 15,729 16,854

Households 2,527 5,122 5,393

AVG Household Income $77,433 $85,226 $86,065

Employees 4,192 8,448 9,063

Daytime Population 10,549 22,161 22,943

Households with Vehicles 2,444 4,789 5,020

LIC. RB-20142

FOR SALE3224 ELUA STREET

KAUAI COUNTY LIHUE HI 96766

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PG:JS _ IV43LibertyDialysis_EluaKAUAI_06.14.2018

www.cbre.us/hawaii

AERIAL MAP

LIC. RB-20142