Investing in Medical Centres is a Smart Idea, Even If You’re Not A Doctor
Monday Mar 08th, 2021Share
Many investors mistakenly skip medical properties when looking into investment opportunities. The notion that you have to have experience in the medical sector to invest in one is false. You do not have to be a doctor or practitioner to invest in a medical center. And if you don’t take the time to consider it, you may be missing a grand opportunity.
With many restaurants not lasting more than a single year, e-commerce affecting retail stores and multifamily property markets seeing more and more vacancies, one thing is for sure – people will always need healthcare services. This has never been more evident as it has been during the pandemic – proving that even in the most dire of circumstances, medical properties are safe and lucrative investments.
Investing in a medical property is a smart idea. Healthcare providers generally sign longer-term leases than other commercial tenants. That’s because relocation is complicated for medical practices and so medical tenants are more likely to stay in one location for years on end when they find a good deal. That also means that there are less vacancies in medical properties than other commercial options. What does that mean to potential investors? It means more committed tenants, which means more steady cash flow, year after year after year.
What makes a medical property appealing, is its’ location, size, proximity to residential areas and the property’s look itself. If you’re interested in finding the right medical property to invest in for you, I can help. Check out my website for modern, well-equipped and perfectly located listings, or call for a free consultation.