Cape Cod Hospital OBGYN & Hospital Apartments

Hyannis, Massachusetts

NNN Pro Group is please to present the exclusive listing for a Cape Cod Hospital OBGYN & apartment unit master lease located at 43-53 Lewis Bay Road in Hyannis, Massachusetts. The site consists of three buildings of roughly 11,147 rentable square feet of building space on an estimated 0.90-acre parcel of land. This Cape Cod Hospital master lease is subject to a 5-year double-net (NN) lease, which commenced June 9, 2023. The annual rent is $300,000 and is scheduled to increase by 3.00% annually throughout the base term and in each of the 2, 5-year options.

About the Investment:

Extremely Unique Medical Office Building and Apartment Units Master Leased to Cape Cod Healthcare and Used as Their OBGYN Office
– Cape Cod Healthcare is the Largest Employer on Cape Cod
The Property is Directly Across the Street From the Hospital
Cape Cod Healthcare Signed a 5-Year Lease with Limited Landlord Responsibilities
Cape Cod Healthcare just Invested a Significant Amount of Capital into this Property
Strong 3% Annual Rental Escalations | Great Hedge Against Inflation and Interest Rates
The Property Consists of 12 Exam Rooms, an Ultrasound Room, Multiple Offices, Multiple Conference Rooms, a Break Room, and 6 Apartment Units for Nurses and Hospital Staff