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Views: 58 DOM: 254 Updated: 05.11.24 Posted: 07.21.23 Status: Sold 04.01.24

Summary

Price $10,357,000
Built/Renov 2001/2022
Tenant Total Point Urgent Care
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 8,276
Lease Start 06-01-2022
#Units 12
Price/SF $1,251.45
Expiration 05-01-2042
Tenant Type Medical/Health
NOI $725,000
R. Term 17.11
Ownership Fee Simple
Rent/SF $87.60
Increases 2.0%/1/yrs
Pop 5Mi 33,756
Lot/AC 0.92
Options 4/5yrs/2%
AHHI 5Mi $98,963

Lease Highlights

  • Tenant has 18+ years remaining on its current lease term with 4 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero Landlord Responsibilities
  • Corporate guarantee Rocinante Equity (dba Elysian Capital) and Jeff Love as an individual

Location Description

Total Point Urgent Care is strategically located at the hard corner intersection of Paluxy Road and North Meadows Drive with access to 5,100 vehicles passing by daily. The subject property is less than half a mile from West US Highway 377, a main retail thoroughfare serving the city of Granbury. It is also half a mile from Port Brazos Shopping Center, a Brookshire’s anchored shopping center....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Total Point Urgent Care is a convenient healthcare resource for underserved communities. Their clinics offer immediate medical care at a fraction of the cost of emergency rooms, without having to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,632 19,112 37,940
2023 Total Population : 4,351 17,678 35,194
2023 Employed Civilian Pop : 1,870 7,118 14,941
2023 Total Businesses : 337 1,071 1,511
2023 Average Household Income : $ 82,313 $ 95,327 $ 100,859
2023 Total Consumer Spending : $ 136 M $ 633 M $ 1265 M
2023 Median Age : 42 50 48
2023 Total Households : 1,845 7,528 14,303
2023 Pop Age 25+: Bachelor's Degree : 568 2,711 5,794
2023 Average Home Value : $ 257,230 $ 316,095 $ 310,379
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Paluxy Rd N Meadows Dr 2004 5,140 0.07 mi
Paluxy Road Easy St 2021 5,613 0.30 mi
Paluxy Rd Penrod Dr 2004 7,800 0.45 mi
S Morgan St Autumn Ridge Dr 2004 23,490 0.45 mi
S Morgan St Spring St 2004 19,910 0.47 mi
South Morgan Street Spring St 2020 14,984 0.48 mi
South Morgan Street White Cliff Rd 2020 24,580 0.50 mi
South Morgan Street Heritage Trl 2021 26,676 0.50 mi
West US Highway 377 Pirate Dr 2021 14,314 0.50 mi
W Hwy 377 Southwest Pkwy 2016 12,211 0.50 mi

Listing Broker

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