Torrance Memorial NNN Lease Medical Center California

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Investment Offering

Tenant: Torrance Memorial Medical Center | Rolling Hills Estates, CA
Premises: 6,865 SF
Renewal Options: 1 x 5 Year

Lease Expiration: 6/30/2039
Lease Type: NNN
Rental Increases: 2.5% Annually

Sands Investment Group is Pleased to Exclusively Offer For Sale the NNN Lease Medical Center Located at 602 Deep Valley Drive, Suite 300, Rolling Hills Estates, California.

Over 18 Years Remaining on the Base Term With No Termination Rights, Providing For Long Term Security
Triple Net (NNN) Lease Structure – Minimal Responsibility For Landlord (Tenant Reimburses For Roof, Structure and Management Fee)
Rare 2.5% Annual Rental Increases Provide Strong Compounding Hedge Against Inflation
Strong Operator and Tenant – Torrance Health Association, Inc. (Torrance Memorial Medical Center)
THA Has Over 3,500 Employees Across All Locations and 19 Companies in the Corporate Family
Affluent South Bay Coastal Community and Trade Area – Average Household Income of Over $159,100 Within a 1-Mile Radius
Dense Population Base – Over 80,000 People Within a 3-Mile Radius
Built-In Customer Base From Adjacent Peninsula Seniors and Merrill Gardens Luxury Senior Living Community, in Addition to a Dense Neighborhood Population
Irreplaceable Location Adjacent to Restaurants and the Promenade Shopping Center on the Peninsula
Nearby Tenants Include: Bristol Farms, CVS Pharmacy, Petco, Starbucks, Pottery Barn, Rubio’s, LOFT, Chipotle, T.J. Maxx, Old Navy, Regal Cinemas, Ulta and More

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Tenant Overview

Torrance Health Association, Inc. provides medical and surgical hospital services. The Hospital offers hospice, emergency care, clinical research, laboratory testing, bariatric surgery, and other medical services. Torrance Health Association serves patients and communities of Torrance, California. Torrance Health Association, Inc. has 3,500 employees across all of its locations. There are 19 companies in the Torrance Health Association, Inc. corporate family. There are 133 health care providers, specializing in Nurse Practitioner, Family Medicine, Internal Medicine, Obstetrics/Gynecology, Family Practice, General Practice, Sports Medicine, Rheumatology, Hematology/Oncology, Emergency Medicine and more, being reported as members of the medical group.

Torrance Health Association, Inc. is a subsidiary of Torrance Memorial Medical Center, which was was founded in 1925 by Jared Sidney and Helena Childs Torrance. Torrance Memorial Medical Center is a 512-bed, nonprofit medical center established to provide quality health care services predominantly to the residents of the South Bay, Peninsula and Harbor communities. Torrance Memorial seeks to offer the most current and effective medical technologies rendered in a compassionate, caring manner.

On February 1, 2018, Cedars-Sinai Medical Center became affiliated with Torrance Memorial Medical Center whose combined resources make it one of the strongest medical groups in Southern California.

Area Overview