Listed by Matthews
$3,133,214
Fast Pace Health Urgent Care | 300+ Unit Operator
Details
Property Type Office, Retail
Sub Type QSR/Fast Food, Medical Office
Square Footage 2,280
Cap Rate 7.25%
NOI $227,158
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 08/01/2039
Remaining Term 13
Rent Bumps Yes
Lease Options 3,5 Year Options
Year Built 2024
Buildings 1
Stories 1
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2024
Ground Lease No
Ownership Fee Simple
NNN | Urgent Care | Long-Term Net Lease | New Construction
Investment highlights
- Long-Term Passive Income: The investment opportunity offers investors a brand new 15-year lease with over 13 years remaining.
- Built-In Rent Growth: The lease features 2% annual increases which ensures investors annual income appreciation and serves as a great hedge against inflation.
- Minimal Landlord Oversight: The lease features a modified NNN lease structure with tenant responsible for the roof and landlord only responsible for the structural elements of the property.
- New Construction: This opportunity offers investors a property with attractive real estate and recent construction, thus ensuring minimal capital expenditures for the foreseeable future.
- High-Caliber Tenant: The property is operated by one of the nation’s largest and fastest growing urgent care providers, operating over 300 locations across eight (8) states.
- Favorable Depreciation: Due to the extensive build out of this facility, this investment opportunity offers investors the ability to capture favorable depreciation and tax benefits through a cost segregation study. *Investors to consult with their CPA.
- Retail Synergy: The property is positioned within a regional retail hub near major retail tenants including Walmart Supercenter, Home Depot, Lowe’s, Hobby Lobby, and TJ Maxx.
- Proximity to Medical Hub: Situated only ±1.5 miles from the award-winning Baxter Regional Medical Center which employs 2,000 people.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$227,158.00
$18,929.83/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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