Mölnlycke Health Care

  • NNN (Triple net)
Wiscasset, ME
Location: Maine


Offering Memorandum
  • Building Size: 76,500 sq/ft
  • Cap Rate: 7.75 %
  • Status: Available
$8,047,000.00

Property Information

  • Type: Industrial
  • Lot Size : 13.96
  • Year Built : 2004
  • Building Size : 76500
  • Cap Rate : 7.75
  • Status : Available

Investment Overview

Mölnlycke Healthcare is located in Wiscasset, Maine. The 76,500-square foot building was expanded in 2014/2015 with a refurbishment of the old space and is situated on 13.96 acres of land. The expansion coincided with the tenant entering into a new 15-year, double-net lease term with 2 percent annual increases beginning in year four. In addition, there are two five-year renewal options to follow.

Mölnlycke Health Care is a Swedish medical device company headquartered in Gothenburg, Sweden. The company manufactures and sells wound care and single-use surgical products and is a service provider to the healthcare sector. The surgical division includes medical devices such as drapes, gowns, facemasks, and headwear. The wound care division includes medical device wound healing solutions such as dressings, compressions products and skin care products and emollients. Feature products in Wound Care include those with Safetac® technology available exclusively on Mepitel® , Mepilex®, and other dressings. The wound care product assortment also includes WoundEL® electrostimulation for hard-to-heal wounds, wound dressings such as Mepore® , compression bandages, dermatology products and retention products such as Tubifast®.

Wiscasset is a town in and the county seat of Lincoln County, Maine, in the Mid Coast region of the state. The population was 3,732 at the 2010 census. Home to the Chewonki Foundation, Wiscasset is a tourist destination noted for early architecture. Rynel Inc., founded in 1973, developed and built processing equipment and hydrophilic polyurethane prepolymer products. The company was purchased by Molnlycke Health Care company in 2010. In January 2014, the company announced its expansion plans for its Wiscasset, Maine manufacturing facility

Investment Highlights

  • Primary Raw Product Producing Facility for Mölnlycke Healthcare
  • Mölnlycke Health Care has $1.5 Billion in Sales Worldwide
  • Investment Grade Credit Backing (“BBB- ” by S&P)
  • New 15-Year, Double-Net Lease with Two Five-Year Options
  • Tenant Commitment to Site (Expansion of Existing Facility)
  • Minimal Landlord Responsibilities
  • Capital Replacement Reserves Built into Annual Rent

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Nicole Patel

Associate Directory / Capital Markets Specialist

Jennifer Athas

BOR

License: ME DB919281