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Marketing Description
National UC Realty & Zelnik Realty Ltd. is pleased to present the exclusive listing for a new Urgent Care building operated by Hulin Health located in Ville Platte, Louisiana. The subject property is .81 acres, consists of 3,750 square feet of newly constructed building. The property is subject to a corporately-backed 10 year triple-net (NNN) lease with 1% rental increase for years 2-5 and 1.5% increase for years 6-10. Tenant has 4 (5) yr. options to extend. All option periods will increase by 1.5%annually.
Tenant will be responsible for all capital improvements. Capital improvements will be pro-rated over their useful life and paid by Tenant over the remaining lease term.
Investment Highlights
- Urgent Care is a $16 Billion dollar industry with 3.5% annual growth.
- Expansion plans target rural towns with limited affordable medical options.
- Clinics are located along regional arterials with national big box retailers and national brand retail mix
- Target sites typically have a Walmart and Hospital in the area
- Locations with a large percentage of children under 15 are preferred
- There are no competitors in the 7.5 mile projected trade area
- Free standing buildings typically generate 6-8 more patients per day
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