Infill Silicon Valley Low Rent STNL - AdaptHealth (NASDAQ: AHCO)/Brannon's Medical

Price: $3,080,000

Net Operating Income: $169,428 / Avg $1.86 PSF

Location: Prime infill site within the affluent Willow Glen neighborhood in San Jose

Tenant: Brannon's Rental and Sales, Inc. a subsidiary of AdaptHealth (NASDAQ: AHCO)

Term: 5 Years (recently waived one time termination right)

Scheduled Rental Increases: 3% Annually

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Prime infill net leased deal within an infill and affluent neighborhood in Silicon Valley.

• Rare Silicon Valley Investment Opportunity in the highly affluent and desirable Willow Glen / Lincoln Avenue corridor in San Jose, CA
• Long Term Operator: Brannon’s Medical (Lessee) is a successful long term operator (50+ years) at this location.
• Brannon’s recently waived their one-time right of early termination and has shown long term and recent commitment to this location.
• Nationally Traded Parent Company: Brannon’s Medical is a wholly owned subsidiary of AdaptHealth NASDAQ (AHCO) with $3.5B in revenue
• Low Price Per Square Foot (PSF) / Low Rents / Future Upside - Low PSF of $405, with $21 PSF average in place rents, nearby rental surveyshows rents ranging from $31 to $60 PSF along Lincoln Ave Future upside with higher rent possible with demising into multiple attractive storefrontshop units
• NNN Lease – minimal Landlord responsibilities; ideal 1031 exchange opportunity
• Strong Visibility and Access, ideally situated at hard corner intersection of Lincoln Ave and Malone Rd (38,084 VPD at intersection)
• High Barriers to Entry Market - Infill trade area
• Dense / High Income - Affluent Silicon Valley Location - The average household income within a 1-mile radius of the subject property is over$167,000, additionally there are over 645,000 permanent residents living within a 5-mile radius
• Excellent San Jose Location with Nearby Amenitites:
• Downtown Willow Glen / Lincoln Ave Corridor: 0.75 miles away
• Downtown San Jose: 2.5 miles away
• San Jose Mineta International Airport: 4.25 miles away

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