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Views: 19 DOM: 82 Updated: 04.11.24 Posted: 02.25.24 Status: Active

Summary

Price $7,161,000
Built/Renov 2015
Tenant Total Point ER
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,600
Lease Start 12-15-2021
#Units 15
Price/SF $1,085.00
Expiration 12-31-2041
Tenant Type Medical/Health
NOI $519,153
R. Term 17.7
Ownership Fee Simple
Rent/SF $78.66
Increases 2.0%/1/yrs
Pop 5Mi 100,569
Lot/AC 0.74
Options 4/5yrs/2%
AHHI 5Mi $109,180

Lease Highlights

  • Total Point ER has 17+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Total Point ER is strategically located on W Davis St, a major retail and commuter thoroughfare, with access to 40,800 vehicles passing by daily. Its prime location is further enhanced by its proximity to the signalized, hard corner intersection with State Highway 336, accommodating 34,000 vehicles daily. Moreover, the property boasts excellent visibility and accessibility, boasting...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Total Point ER
  • Guarantor:Corporate
  • Company:Elysian Capital Inc.
  • # Units:15
  • Stock:Private

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 : 7,679 43,069 112,280
2023 Total Population : 6,962 40,203 100,569
2023 Employed Civilian Pop : 3,931 20,323 47,330
2023 Total Businesses : 409 2,515 3,980
2023 Average Household Income : $ 99,945 $ 92,751 $ 109,180
2023 Total Consumer Spending : $ 266 M $ 1249 M $ 3423 M
2023 Median Age : 39 36 37
2023 Total Households : 3,089 15,466 36,210
2023 Pop Age 25+: Bachelor's Degree : 1,728 5,983 16,878
2023 Average Home Value : $ 376,836 $ 314,187 $ 337,253
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Davis St N Loop 336 W 2013 26,520 0.09 mi
West Davis Street N Loop 336 W 2022 38,541 0.15 mi
North Loop 336 West Maurel Dr 2022 17,617 0.18 mi
North Loop 336 West W Davis St 2020 17,127 0.18 mi
North Loop 336 West W Davis St 2019 15,158 0.18 mi
West Davis Street Greenway Dr 2022 28,094 0.26 mi
North Loop 336 West Old Country Club Rd 2022 17,950 0.30 mi
North Loop 336 West Old Country Club Rd 2019 19,773 0.30 mi
W Davis St Greenway Dr 2013 19,628 0.30 mi
N Loop 336 W Old Country Club Rd 2018 19,773 0.30 mi

Listing Broker

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