Scott Briggs

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant government office facility located in Peoria, Illinois.​ The Property consists of 1.93 acres and a one-story, 16,161-square-foot government office that was built-to-suit in 2005 for the exact specifications of the Tenant.​ Situated with frontage along West Willow Knolls Drive (12k VPD) near the interchange of US 150 (22k VPD) and Illinois Route 6 (24k VPD), the Property provides great regional access to a densely populated portion of the state with around 90,000 in population in a five mile radius of the Property earning an average household income in excess of $97,000 annually.​ The primary Tenant is the General Services Administration of the United States of America (the “GSA”) and the Operator is the Social Security Administration's (the “SSA”) Office of Hearing Operations (the "OHO") as the Peoria Hearing Office.​ This is one of 27 facilities in the Chicago Region (Region 5) and it oversees eight Social Security Benefits Offices.​ The Tenant moved into the Property upon completion of construction in 2005 and just extended its lease term for another ten (10) years expiring April 6, 2034.​ This recent extension brings the Tenant's total commitment to this Property to 29 years.​

The Property consists of 1.11 acres and a 9,093-square-foot medical clinic that was built to the exact specifications of the Tenant. The Property is an expansion clinic for U.S. Renal Care, with a significant patient base in a successful market area where they've operated for over 20 years. It is located near the intersection of West 2 Mile Road and Conway Boulevard with a combined average daily traffic volume of 28,000. The Tenant completed construction in 2017 and strategically selected this site to grow its presence in Mission and the surrounding markets. The initial term of the Absolute NNN lease investment was for ten (10) years, with over three (3) years remaining currently, and features two (2), five (5) year renewal options. The lease also provides for rental increases in the amount of 2.5% annually.U.S. Renal Care, Inc. is the third-largest U.S. dialysis services company and works in partnership with nephrologists to develop, acquire, and operate outpatient treatment centers for persons suffering from chronic kidney failure, also known as End Stage Renal Disease (ESRD). Headquartered in Plano, Texas, U.S. Renal Care serves approximately 36,000 patients in 500+ dialysis facilities across 33 states. It is rated CCC+ by Standard & Poor's.In Association With: Chris Adams - TX Lic. #619855

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Des Moines, Iowa (the "Property").​ The Property consists of 1.25 acres and a one-story, 8,583-square-foot medical office building that was renovated-to-suit in 2024 to the exact specifications of the Tenant and will serve as a relocation clinic from the existing East Des Moines location.​ The Property is located with frontage along Pennsylvania Avenue (11k VPD) at the intersection of University Avenue (20k VPD) and very near Interstate 235 (100k VPD) in the heart of Des Moines.​ There are approximately 205,000 in population in a five-mile radius with an average household income in excess of $82,000 annually.​ The Tenant recently completed a comprehensive renovation to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient quality and energy-efficiency design standard.​ The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.​ The lease is the Tenant’s standard form it uses across the majority of its 2,675 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction.​ The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.​

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Auburn, Washington (the "Property").The Property consists of 1.25 acres and a one-story, 11,511-square-foot medical office building that was built-to-suit in 2023 to the exact specifications of the Tenant. Additionally, the current Owner has ±6.01 acres of excess land adjacent to the South of the Property. (Contact Broker for further details.) The Property is located along 15th Street Southwest immediately South of the Outlet Collection Seattle near the intersection of Valley Freeway (91k VPD) and WA-18 (104k VPD). There are approximately 221,000 in population in a five-mile radius with an average household income in excess of $116,000 annually.The Tenant recently completed a comprehensive build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient quality and energy-efficiency design standard. This location is a relocation of a highly successful operation in this market that outgrew its previous capacity. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,724 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years. In Assoication With: Kevin Adatto - WA Lic. #21038208Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Auburn, Washington (the "Property").The Property consists of 1.25 acres and a one-story, 11,511-square-foot medical office building that was built-to-suit in 2023 to the exact specifications of the Tenant. Additionally, the current Owner has ±6.01 acres of excess land adjacent to the South of the Property. (Contact Broker for further details.) The Property is located along 15th Street Southwest immediately South of the Outlet Collection Seattle near the intersection of Valley Freeway (91k VPD) and WA-18 (104k VPD). There are approximately 221,000 in population in a five-mile radius with an average household income in excess of $116,000 annually.The Tenant recently completed a comprehensive build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient quality and energy-efficiency design standard. This location is a relocation of a highly successful operation in this market that outgrew its previous capacity. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,724 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years. In Assoication With: Kevin Adatto - WA Lic. #21038208

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Pasadena, Texas (the "Property" or the "Offering").​ The Property consists of 2.30 acres and a one-story, 11,317-square-foot medical office building that was retrofit-to-suit in 2015 to the exact specifications of the Tenant.​ The Property is located with frontage on Southmore Avenue (23k VPD) between Pasadena Boulevard (18k VPD) and Strawberry Road (13k VPD).​ Pasadena is an affluent suburb southeast of Houston and is a part of the fourth most populous MSA in the US.​ There are approximately 260,000 in population in a five-mile radius with an average household income in excess of $75,000 annually.​ The Tenant recently completed a comprehensive retrofit-to-suit to the exact standards of its desired clinic type that is at the top end of the kidney care industry from a patient quality and care perspective.​ The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.​ The lease is the Tenant’s standard form it uses across the majority of its 4,100 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new renovations.​ The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years throughout the primary lease term with fair market value rental increases in the option periods.​ Notably, the contractual rents are well below a regional and national average for prevailing market rates for similar product.​

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Midwest City, OK (the “Property”).The Property consists of 1.18 acres and a 8,000-square-foot medical clinic that was built to the exact specifications of the Tenant’s design and building standards in 1999. The Property is located on South Highland Avenue just off Reno Avenue which sees 23,773 vehicles per day. There are nearly 122,000 people living in the five-mile radius earning more than $69,000 per year in average household income within a one-mile radius.The Tenant completed construction in 1999 and strategically selected this site to grow its presence in the Midwest City market. The Tenant recently extended the lease for an additional Two (2) years expiring August 31, 2026, making their operating history 27 years at this location.Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Midwest City, OK (the “Property”).The Property consists of 1.18 acres and a 8,000-square-foot medical clinic that was built to the exact specifications of the Tenant’s design and building standards in 1999. The Property is located on South Highland Avenue just off Reno Avenue which sees 23,773 vehicles per day. There are nearly 122,000 people living in the five-mile radius earning more than $69,000 per year in average household income within a one-mile radius.The Tenant completed construction in 1999 and strategically selected this site to grow its presence in the Midwest City market. The Tenant recently extended the lease for an additional Two (2) years expiring August 31, 2026, making their operating history 27 years at this location.

Completely familiar with the Cedar Rapids and surrounding areas real estate market. 

Scott Briggs

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6 properties

Des Moines

Properties for sale by listing agent Scott Briggs

$8,220,947

$3,705,625

$1,256,000

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