Duke LifePoint Healthcare Medical Office on the Swain Community Hospital Campus |
NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option |
Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option |
Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord’s Bottom Line |
Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A. |
Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly |