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29238047
29238048

414 Old Elkhart Rd, Palestine, TX 75801

AH
NY: 10401334976
SURMOUNT
JK
NY 10401386896
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$5,749,227
139 days on market
Updated 139 days ago

Parachute Plasma

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 6,500
Cap Rate 7.5%
NOI $431,192
Occupancy 100%
Tenancy Single
Brand/Tenant Parachute Plasma
Lease Type NNN
Price per SqFt $885
Year Built 2025
Acreage 3.400
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ownership Fee Simple

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.

Listing Contacts

AH
NY: 10401334976
SURMOUNT
JK
NY 10401386896
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,192.00
$35,932.67/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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