South Star Urgent Care w/ Additional Development Potential
Oversized Walmart Supercenter Outparcel (1.24 AC) | One of Louisiana's Top Urgent Care Operators
Marketing description
AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to present the opportunity to acquire the fee simple interest in SouthStar Urgent Care, a 3,750-square-foot single-tenant urgent care facility built in 2019 and situated on a 1.24-acre outparcel to Walmart Supercenter in Oakdale, Louisiana.
The property benefits from excellent visibility and direct access along U.S. Route 165 (approximately 14,600 vehicles per day), providing strong exposure within a dominant retail corridor. The asset is 100% leased to SouthStar Urgent Care, a leading Louisiana-based provider, under an 11-year NNN lease with approximately four years remaining and four (5-year) renewal options; while Tenant is responsible for maintenance, Landlord is responsible for replacement of major capital items (roof, structure, and parking lot), with costs amortized and reimbursed by Tenant at WSJ Prime +2%, offering investors predictable cash flow with limited management responsibilities.
The property is strategically positioned within a well-established retail trade area anchored by Walmart and supported by numerous national retailers including Tractor Supply Company, Murphy USA, O’Reilly Auto Parts, Circle K, Popeyes, Family Dollar, McDonald’s, AutoZone, and Dollar General. Additionally, the surplus land on the 1.24-acre parcel provides a compelling value-add opportunity, allowing for a potential lot split and development of an additional retail pad to introduce a second income-producing tenant and enhance overall asset value. SouthStar Urgent Care, founded in 2011 and headquartered in Lafayette, operates a growing network of walk-in clinics across Louisiana, delivering outpatient medical services including treatment for minor illnesses and injuries, diagnostic testing, physicals, and occupational medicine, and is backed by private equity firm Shore Capital Partners, which has supported its continued regional expansion.
For More Information https://aicrepartners.com/
Investment highlights
DOMINANT WALMART-ANCHORED OUTPARCEL LOCATION: The property is situated on a 1.24-acre outparcel to the Walmart Supercenter in Oakdale, directly along U.S. Route 165, which experiences approximately 14,600+ vehicles per day. The site benefits from excellent visibility, convenient access, and strong consumer traffic generated by Walmart and surrounding national retailers, positioning the property within the city’s primary retail corridor.
2019 BUILD-TO-SUIT MEDICAL FACILITY: The property features a 3,750 SF build-to-suit urgent care facility completed in 2019, specifically designed to accommodate SouthStar Urgent Care’s operational and medical requirements. The modern construction includes a functional healthcare layout and contemporary building systems, providing a high-quality, purpose-built medical asset.
VALUE-ADD OPPORTUNITY THROUGH LOT SPLIT: The oversized 1.24-acre parcel presents a compelling value-add opportunity for investors through a potential lot split and development of an additional retail pad. This allows for the introduction of a second tenant via build-to-suit development or ground lease, creating the potential to increase cash flow while enhancing the overall value of the real estate.
NNN LEASE STRUCTURE: The property features a NNN lease structure with 4 years remaining where the tenant is responsible for property taxes, insurance, and all maintenance, including roof, structure, HVAC, & parking lot. Landlord-funded replacements (roof, structure, parking lot) are amortized over useful life and reimbursed by Tenant (WSJ Prime +2%).
ANNUAL RENTAL INCREASES: The lease includes annual rent escalations of 1.5%, providing built-in income growth and a hedge against inflation while enhancing long-term value.
STRONG HEALTHCARE TENANT WITH PRIVATE EQUITY BACKING: The property is leased to SouthStar Urgent Care, operated by Hulin Health, LLC, a leading urgent care provider in Louisiana with 28 locations. The platform is backed by Shore Capital Partners, a healthcare-focused private equity firm, reinforcing operational strength and long-term growth strategy.
RECESSION-RESISTANT HEALTHCARE ASSET: Urgent care is a necessity-based medical service providing non-discretionary healthcare. The sector has demonstrated resilience through economic cycles and benefits from increasing demand for convenient, cost-effective medical treatment.
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