Listed by SVN Wood Properties
$2,030,000
SouthStar Urgent Care
Details
APN 161409-073-0001-00
Property Type Office
Sub Type Medical Office
Square Footage 2,454
Net Rentable (SqFt) 2,454
Units 1
Cap Rate 6.50%
NOI $131,894
Occupancy 100%
Tenancy Single
Brand/Tenant SouthStar Urgent Care
Lease Type NNN
Lease Term 12
Lease Expiration 03/24/2033
Remaining Term 6.8
Rent Bumps Yes
Lease Options Three, 5-year
Price per SqFt $827
Class A
Year Built 2015
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.820
Zoning C-3
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/24/2021
Office | 6.50% CAP | 2,454 SqFt
Marketing description
SVN is pleased to offer a single-tenant net leased urgent care facility occupied by SouthStar Urgent Care (Hulin Health). This 2,454 SF property features a 12-year absolute net lease with seven and a half years remaining, annual rent escalations, and three 5-year renewal options.
Investment highlights
Sale Price: $2,030,000
Lot Size: 0.83 Acres
Building Size: 2,454 SF
NOI: $131,893.64
Cap Rate: 6.50%
Lease Term: 12-year | Currently Year 5
Lease Type: NNN
Options to Renew: Three, 5-year
Roof: Tenant Responsibility | Replaced 2025 | 20-year warranty
Structure: Landlord Responsibility
Year Built | Effective Year: 2015 | 2021
Listing Contacts
Listed by SVN Wood Properties
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$131,894.00
$10,991.17/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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