Surepoint ER
10.5 Years Remaining | 7.70% CAP | Absolute NNN Medical | 2% Annual Increases
Marketing description
Marcus & Millichap is pleased to present this 7,000 square foot facility for Surepoint ER. Located in Arlington, Texas this attractive freestanding medical office building situated on 0.82 +/- acres was carefully site selected by Surepoint ER. The tenant currently has approximately ten years and 5 months remaining on the Absolute NNN lease featuring zero Landlord responsibilities. During the term of the lease there will be two percent annual rental increases. In addition, the tenant has five 5-year options to renew with two percent annual increases.
This Surepoint ER Facility benefits from being located in the Dallas-Fort Worth Arlington metroplex area. There are approximately 82,500 people within a three mile radius, 206,200 people within a five mile radius and 903,000 people within a ten mile radius representing a 8.75 percent, 8.6 percent and 11 percent population growth from 2010 - 2020 respectively. The emergency center operates 7-days per week 24 hours per day demonstrating the locations demand. Surepoint’s extensive range of emergency room services combined with the medical facilities equipped to handle a variety of emergency medical care needs makes the tenant the go-to Emergency Room for efficient and exceptional care.
Investment highlights
2015 Build-to-Suit Single Tenant Medical Office
10 Years & 5 Months Remaining on Lease
Five 5-Year Options to Extend
Two Percent Annual Rental Increases Including Options
Absolute Net (NNN) Lease - Zero Landlord Responsibilities
Operating 7 Days Per Week, 24 Hours Per Day
10.84% Population Growth from 2010 - 2020 (10 Mile Radius)
Dallas-Fort Worth-Arlington MSA - 8.34M. Popoulation (2024)
32,100+ Households within a 3-mile radius of subject property
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