Biomat USA 416 18th Ave

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property located in Meridian, Mississippi. The tenant began occupying the space in 2017 with a 15-year lease that runs through June 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. The lease also features a corporate guaranty from Grifols.
The 16,800 square-foot building benefits from its position along 18th Avenue. The subject is situated just three blocks south of both Anderson Regional Medical Center, a 260-bed facility, and Oscher Rush Medical Center, a 215-bed facility. The location also features convenient access to Interstate 20, which sees a traffic volume of 40,000 vehicles per day. There are a number of nearby retail centers featuring major tenants such as Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, and Chick-Fil-A. Additionally, the surrounding community is home to over 35,800 residents within a five-mile radius.
Biomat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.