Stable Credit Tenancy Protected Healthcare Environment · Ages 8084 146 (1.35 %) 1,192 (1.74 %)...

Stable Credit TenancyProtected HealthcareEnvironment

Price: $850,000

LABCORP NNN7307 BOULDER VIEW LANERICHMOND, VA 23225

Jim Tucker, CCIMInvestment Broker/Marketing [email protected]

Jim Tucker, CCIMInvestment Broker/Marketing

+18043964050

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve assubstitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or otherprofessional area before making any decisions.

TABLE OF CONTENTS

Property Summary 3

Property Description 4

Investment Details 5

Location Section Page 1Regional Map 7

Location Map 8

Aerial Map 9

Demographics 10

Property Photos 12

Professional Bio 15

PROPERTY SUMMARYLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225


Property SummaryAvailable SF 0

Building Size 2857

Lease Rate

Lot Size 0 Sq. Ft.

Property Type Health Care

Purchase Price $850,000

Rentable Sq. Ft. 2,857

Property OverviewSubject is an office condominium in the Boulders Commons office/medical complex and isoccupied 100% by LabCorp on a 5year NNN lease commencing 9/1/2019 with two 5yearoptions to renew. They have occupied this location since 2006. LabCorp operates a nationwidenetwork of primary testing locations and patient service centers, and routine testing is thecornerstone of the company’s industryleading national network. That delivery and servicenetwork makes it possible for LabCorp to easily offer an extensive esoteric testing portfolio andgroundbreaking technologies to a broader audience, including medically important genomic

Location Overview

Page 03

PROPERTY DESCRIPTIONLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225


LabCorp NNN Office CondoSubject is an office condominium in the Boulders Commons office/medicalcomplex and is occupied 100% by LabCorp on a 5year NNN leasecommencing 9/1/2019 with two 5year options to renew. They have occupiedthis location since 2006. LabCorp operates a nationwide network of primarytesting locations and patient service centers, and routine testing is thecornerstone of the company’s industryleading national network. That deliveryand service network makes it possible for LabCorp to easily offer an extensiveesoteric testing portfolio and groundbreaking technologies to a broaderaudience, including medically important genomic tests.

LabCorp’s reputation and proven record in the area of advanced genomictesting continues to attract the leading minds and technological pioneers in thefield. Its laboratories participated in the development of genomic applicationsusing Polymerase Chain Reaction (PCR) and technology and LabCorp was thefirst commercial laboratory to provide this innovative technology to health careproviders. LabCorp laboratories have been at the forefront of new moleculartests to diagnose, treat, and manage disease, particularly in the areas ofinfectious disease, oncology, and genetics. LabCorp’s molecular geneticstesting center was involved with the original research and subsequentstandardization of Her2Neu testing for breast cancer. Annual revenues: $5.5Billion in 2011.

Page 04

INVESTMENT DETAILSLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225


ANALYSIS

Analysis Date January 2020

PROPERTY

Property Type Health Care

Property LabCorp NNN

Property Address7307 Boulder View Lane, Richmond, VA

23225

Year Built 2005

PURCHASE INFORMATION

Purchase Price $850,000

Tenants 1

Total Rentable Sq. Ft. 2,857

INCOME & EXPENSE

FINANCIAL INFORMATION

All Cash

LOANS

Type Debt Term Amortization Rate Payment LO Costs

Page 05

Section Page 1

Location

REGIONAL MAPLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225

Page 07

LOCATION MAPLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225

Page 08

AERIAL MAPLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225

Page 09

DEMOGRAPHICSLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225


Population 1 Mile 3 Mile 5 Mile

Male 4,978 (45.90 %) 31,881 (46.55 %) 95,724 (47.55 %)

Female 5,867 (54.10 %) 36,609 (53.45 %) 105,595 (52.45 %)

Total Population 10,845 68,490 201,319

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 04 707 (6.52 %) 4,059 (5.93 %) 11,564 (5.74 %)

Ages 59 828 (7.63 %) 4,867 (7.11 %) 13,227 (6.57 %)

Ages 1014 696 (6.42 %) 4,271 (6.24 %) 11,515 (6.57 %)

Ages 1519 626 (5.77 %) 4,106 (6.00 %) 11,067 (5.50 %)

Ages 2024 612 (5.64 %) 4,063 (5.93 %) 12,111 (6.02 %)

Ages 2529 665 (6.13 %) 4,128 (6.03 %) 13,550 (6.73 %)

Ages 3034 801 (7.39 %) 4,280 (6.25 %) 14,605 (7.25 %)

Ages 3539 914 (8.43 %) 4,573 (6.68 %) 15,213 (7.56 %)

Ages 4044 948 (8.74 %) 4,825 (7.04 %) 15,203 (7.55 %)

Ages 4549 888 (8.19 %) 5,035 (7.35 %) 15,029 (7.47 %)

Ages 5054 749 (6.91 %) 4,954 (7.23 %) 14,325 (7.12 %)

Ages 5559 626 (5.77 %) 4,631 (6.76 %) 13,325 (6.62 %)

Ages 6064 506 (4.67 %) 4,093 (5.98 %) 11,609 (5.77 %)

Ages 6569 379 (3.49 %) 3,304 (4.82 %) 9,325 (4.63 %)

Ages 7074 271 (2.50 %) 2,443 (3.57 %) 6,907 (3.43 %)

Ages 7579 193 (1.78 %) 1,789 (2.61 %) 4,827 (2.40 %)

Ages 8084 146 (1.35 %) 1,192 (1.74 %) 3,125 (1.55 %)

Ages 85+ 290 (2.67 %) 1,877 (2.74 %) 4,792 (2.38 %)

DEMOGRAPHICSLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225


Household Income 1 Mile 3 Mile 5 Mile

Median Income $35,376 $53,727 $49,815

Less than $10,000 429 1,735 6,665

$10,000 $14,999 329 1,393 4,426

$15,000 $19,999 78 1,336 4,517

$20,000 $24,999 631 2,039 4,858

$25,000 $29,999 399 1,628 4,335

$30,000 $34,999 414 1,562 4,278

$35,000 $39,999 159 1,509 3,977

$40,000 $44,999 304 1,903 4,749

$45,000 $49,999 262 1,659 4,091

$50,000 $59,999 509 2,837 7,037

$60,000 $74,999 542 3,354 8,547

$75,000 $99,999 397 3,299 9,620

$100,000 $124,999 207 2,106 5,922

$125,000 $149,999 105 1,174 3,247

$150,000 $199,999 136 1,031 3,628

Greater than $200,000 52 633 4,420

Housing 1 Mile 3 Mile 5 Mile

Housing Units 5,729 33,075 95,185

Occupied Units 5,087 30,317 87,411

Owner Occupied Units 1,523 17,291 49,246

Renter Occupied Units 3,564 13,026 38,165

Vacant Units 642 2,758 7,774

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 4,720 35,223 117,427

Population Black 5,045 25,428 65,857

Population Am In/Ak Nat 18 133 246

PROPERTY PHOTOSLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225

PROFESSIONAL BIOLabCorp NNN7307 Boulder View Lane | Richmond, VA 23225

Jim Tucker, CCIMInvestment Broker/Marketing StrategistNetWorks Commercial Real Estate | Richmond, VA

P: +18043964050

Jim Tucker, CCIM, is a commercial real estate broker who transforms real estate problems into moneysolutions so his clients can stop writing checks and start

cashing them.

“I love bringing gamechanging methods that achieve startling results. Mostly, I engage marketing strategies and resources that help people to take action."

Here’s an outline of how that happens…

S.W.O.T. analysis for a bigpicture understanding.

Strategic planning to achieve a timebound outcome.

Engage target market with proven resources.

Negotiate agreement among all stakeholders.

Manage the process to successful closure.

As founder and principal broker at NetWorks Commercial Real Estate, a national firm headquartered in Richmond, VA. NetWorks relies on a network of brokerage

and principal relationships, including a database of over 5,000 proven ‘players’ along with the over 15,000+ members of the CCIM Institute. Tucker specializes in

investmentgrade office & industrial properties, shopping centers and retail development opportunities in the MidAtlantic and has over 35 years of corporate,

development, syndication, brokerage and consulting experience. He is an active licensed broker in Virginia with career credits as savings & loan executive, senior vice

president for a NYSE development company and many years of successful advisory and brokerage experience, Jim brings focus to client objectives and assignments

that has been described as relentless in pursuit of one thing – RESULTS.

Tucker is widely respected for developing investment strategies that identify exit alternatives prior to acquisition and is known for his careful underwriting of properties

prior to taking them to the market. Client testimonials consistently mention Tucker’s intellectual enthusiasm, creative solutions and relentless pursuit of client

objectives.

Stable Credit Tenancy Protected Healthcare Environment · Ages 8084 146 (1.35 %) 1,192 (1.74 %)...

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