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INVESTMENT HIGHLIGHTS
Adjacent To 89,000 SF Hospital - The Property is across the street from Holy Cross Medical Center, a 89,000 SF hospital operated by Taos Health System, Inc. which operates 29 beds, employs over 80 physicians, and operates as the central hub for healthcare in both North-Central New Mexico & Southern Colorado.
Recent Lease Extensions - Taos Health Systems, Inc. & Hanger Prosthetics recently agreed to extend their respective leases to 2029, with Taos Health Systems, Inc’s lease now expiring in February ‘29, and Hanger Prosthetics lease now expiring in December ‘29, signaling a strong reaffirmation of the tenant’s commitment to this facility.
Essential Medical Plaza With Diversified Tenant Mix - The medical plaza features a diverse mix of tenants spanning the medical equipment, prosthetics, and physical therapy sectors. This asset type and the essential nature of each tenant’s healthcare operations make this asset particularly e-commerce resistant and recession-proof.
Recent Capital Improvements - The Property features a new roof installed in 2022 with a 20-year warranty and a recently milled, repaved and restriped parking lot. The offering allows the opportunity to acquire an asset with a younger effective age and removes concern for capital expenses like roof repairs and/or replacement in the immediate future.
Long-Term Occupancy - The property has been fully occupied for 15+ years, and the average tenant has occupied the property for an average of 17.2 years, collectively exhibiting a strong commitment to this location.
Attractive Annual Increases - There are ± 3.5 years WALT in the primary term featuring annual rental increases of between 2.5% and 4%, providing increasing returns well as an effective hedge against inflation.
