Overview
NAI Capital is pleased to offer the opportunity to acquire Corona Summit Surgical Center, a single tenant medical center located at 2370 Anselmo Dr, Corona, CA 92879 (the “Property”).
Constructed as a build-to-suit for the Tenant in 2011 as a flagship surgical location, the Tenant has operated at this location for 13+ years. The Tenant solidified its long-term commitment to this location by executing a new 8-year lease through June 30th 2032.
The Asset is 100% leased to Corona Surgical, LLC, a California LLC, which provides the following services:
• Gastroenterology
• Ophthalmology
• Urology
• Orthopedics
• Podiatry
• Gynecology and
• Surgery
Investment Highlights
High Growth Market With Strong Healthcare Concentration
Local healthcare fundamentals are strong with 4.8% vacancy, and medical spending up to $325M in 2022 (5-mile radius). 22% population growth since 2010 with an aging population where residents 65 years or over account for 21% of the population in a 1-mile radius
Rapidly Growing Healthcare Services Industry
Local Healthcare employment is expected to grow 22% from 2025 to 2030
Optimal Long-term Net Lease With Zero Landlord Responsibilities
6.5 years of term remaining with highly replicable contract rent, 2.5% rent escalations annually, and two, five-year extension options offer secured and growing long-term cash flow with high likelihood of renewal
Corona Summit Surgical Center
Currently the surgical center is performing at a rate of 280-320 cases a month. They have been contracted with Kaiser since approx. 2018. Kaiser is currently 75-80% of volume
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