100% Leased Medical Investment | New 15-Year Leases
3900 Geer Rd | Turlock, CA 95382-1147, US
highlights
property
details
property
description
3900 Geer Road presents a stabilized medical investment opportunity in Turlock, California. The 21, 480-square-foot building is 100% occupied under two newly executed 15-year medical leases, generating $503, 790 in Year 1 contractual base rent. The leases provide for tenant reimbursement of real estate taxes, insurance and certain operating expenses, while approximately 60% of the property’s initial base rental income benefits from 2.5% annual rent increases. The combination of long-term medical occupancy, contractual income growth and substantial existing medical improvements provides investors with durable cash flow and long-term income stability.
location
description
Located in Turlock, the property benefits from a strategic Central Valley location within one of Stanislaus County’s principal employment and commercial centers. Turlock is positioned along Highway 99 and is home to approximately 73, 100 residents, with more than 640, 000 people within a 20-mile radius. The local economy is supported by healthcare and medical services, education, manufacturing, agriculture and logistics, while nearby California State University, Stanislaus provides an important regional employment and workforce anchor. Turlock’s established healthcare sector, regional accessibility and growing population base support the long-term fundamentals of the property’s medical use.