I need some help, there is a medical office guaranteed by large hospital (nearly a 700 million in revenue) for 20 years. Its a NNN ground lease for sale for 3.3 million with a 6% cap rate. The problem I have is it is in a small town of about 5 thousand people. My concern is that if this hospital leaves after 20 years there is no way this will be worth any thing.
I will put 50% down and will about about 5 % cash on cash
Any thoughts would be helpful!
@A.R Shakir curious to know more about this? Did you move forward with the purchase or held off?