Main Street Urgent Care
Office | 5.23% CAP | 3,200 SqFt
Marketing description
American Realty Network is proud to offer for sale of the Mainstreet Urgent Care located in Live Oak, Florida at 1702 Ohio Avenue North. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) a regional urgent care concept with ±60 locations across Alabama, Florida, Georgia, and North Carolina. The current lease was signed in May 2023 and currently is set to expire in approximately 13 years or on May 30st, 2038. The lease includes 10% rent escalations every five years throughout the base term and each of the four, five-year renewal options. Mainstreet Urgent Care was built in 2023, and the building is 2,300 square feet and sits on a 0.88-acre parcel of land.
Investment highlights
MainStreet Urgent Care was recently built in 2023
14 Years Remain on Triple Net Lease with Zero Landlord Responsibilities
10% rent increases every five years during the base term and options
The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the +60-unit network doing business as MainStreet Urgent Care
Live Oak is a well-positioned, northern Florida market equidistant from both Tallahassee and Jacksonville, FL
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