Parachute Plasma
Retail | 7.50% CAP | 6,500 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Parachute Plasma located at 414 Old Elkhart Rd., Palestine, TX 75801. The site consists of roughly 6,500 rentable square feet of building space on an estimated 3.4-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon COE*. The current annual rent is $431,192 and has scheduled increases of 2.00% annually starting year 7.
Investment highlights
FDA Licensed Operator and Location | Join Parachute is one of a few plasma donation operators in the United States that is federally licensed to collect and sell plasma. The rigorous FDA approval process typically takes 2-3 years and limits new competition from entering the industry and further underscores Join Parachute's competitive advantage over new operators.
Adjacent to a Walmart Supercenter | The subject investment property benefits from being located adjacent to a Walmart Supercenter, which ranks in the top 7% for store performance nationwide (Per Placer.Ai). Walmart serves as a major anchor that drives daily visits, increasing exposure and potential sales for nearby businesses. The surrounding area experiences stronger tenant demand and stable property values due to Walmart’s long-term presence and market stability.
Growing Credit | The lease features a corporate guarantee by Join Parachute, which currently operates over 33 locations today with an extensive development pipeline. A potential investor will benefit from the enhancement of the corporate credit, as Join Parachute opens several new centers each year.
Recession Proof Tenant | The plasma donation industry is widely regarded as recession-proof due to its essential role in healthcare and its unique economic dynamics. In times of financial hardship, individuals often are more incentivized to donate plasma for compensation, therefore increasing supply and overall profitability within the industry.
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