Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in two Outpatient Imaging Affiliates, LLC (“OIA” or “Tenant”) buildings located at 839 Durham Rd, Wake Forest, NC and 398 Hughes Rd, Madison, AL (“Properties” or “Assets”). OIA recently executed lease renewals at both locations, demonstrating their commitment to the sites. The leases are absolute and have no landlord responsibilities. Wake Forest has 6.3 years remaining, and Madison has 8.3 years remaining, and there are 2.0% annual rent increases through 12/31/2027 and 3.0% thereafter.
Outpatient Imaging Affiliates (OIA) is a leading national owner and operator of 62 outpatient imaging centers across 18 states, employing a joint venture strategy with leading healthcare providers and offering comprehensive management services.
The Wake Forest property is situated adjacent to a high-performing Target store, ranking in the top 11% nationwide by visitor traffic (Placer.ai). In Madison, the building occupies a prime spot in a bustling retail corridor, benefiting from its position as an outparcel to Publix. The Wake Forest site enjoys visibility from Capital Blvd, a major artery carrying 50,000 vehicles per day. In Madison, the asset is positioned along Hughes Rd, a high-traffic thoroughfare with 20,000 vehicles passing daily.
Both properties are located in an incredibly growing, business-friendly Southeastern state with expanding populations. These states also maintain a restrictive certificate of need regulations for outpatient diagnostic centers and substantial medical equipment expenditures, creating a barrier to new competition.
The imaging centers require significant equipment investments, including challenging-to-relocate MRI machines, further enhancing their mission-critical nature.
This rare opportunity allows investors to acquire assets occupied by a leading healthcare provider featuring newly extended leases in prime, high-growth markets.