Norco Medical
Norco, CA 92860
Office Property For Sale

LONG-TERM 100% NNN LEASED MOB WITH CREDIT? * Exceptional opportunity to acquire a three-tenant, 100% NNN leased medical office building in Norco, California. * The excellent tenant roster is anchored by DaVita, one of the nation’s largest dialysis service providers with 2017 annual revenue of $10.88 Billion, who occupies 46% of the building and has been operating at this location since 2005. Nephrology Associates Medical Group (NAMG) and Norco Medical Group occupy the remaining rentable area. NAMG is one of Southern California’s premier kidney care practitioners. * With an average weighted lease term of 7+ years, an investor will enjoy secure, stable cash flow with a tenant group that rarely relocates due to the cost of improvements and specific requirements for location identification. * The complimentary nature of NAMG and DaVita provide the convenience of a full service kidney and dialysis treatment center, further establishing the likelihood of long term tenancy for the property. * The long-term NNN leases allow for ease of management and creates a passive income stream for years to come. FREEWAY-ADJACENT LOCATION, SURROUNDED BY AMENITIES AND IDEAL DEMOGRAPHICS * Located in the heart of Norco, the property benefits from being just west of Hamner Avenue, Norco’s primary North/South thoroughfare, immediate access to Interstate 15 freeway, Norco College, and an abundance of retail amenities. * The property is roughly 4 miles away from Corona Regional Medical Center, a 238-bed community hospital network comprised of a 160-bed acute care hospital, and a 78-bed rehabilitation campus. STRONG MARKET FUNDAMENTALS * Strong demographics and tenant demand in a tightening market will continue to support the value of this asset long term, as CBRE Econometric Advisors has forecast medical office rents to grow 15.9% over the next five years.