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Views: 21 DOM: 64 Updated: 03.14.24 Posted: 03.14.24 Status: Active

Summary

Price $7,161,000
Built/Renov 2014
Tenant Total Point ER
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,625
Lease Start 12-15-2021
#Units 15
Price/SF $1,080.91
Expiration 12-31-2041
Tenant Type Medical/Health
NOI $519,153
R. Term 17.7
Ownership Fee Simple
Rent/SF $78.36
Increases 2.0%/1/yrs
Pop 5Mi 268,663
Lot/AC 1.64
Options 4/5yrs/2%
AHHI 5Mi $124,829

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 Spring Cypress Road, a major retail and commuter thoroughfare, with access to 36,400 vehicles passing by daily. The property offers excellent visibility and access, featuring substantial street frontage, efficient points of ingress/egress, and a large monument sign. Situated within a dense retail corridor, it enjoys proximity to nationally recognized...

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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 : 11,184 97,199 272,813
2023 Total Population : 11,198 96,381 268,663
2023 Employed Civilian Pop : 5,069 48,804 140,319
2023 Total Businesses : 345 3,118 10,040
2023 Average Household Income : $ 166,751 $ 135,069 $ 124,829
2023 Total Consumer Spending : $ 530 M $ 3849 M $ 10182 M
2023 Median Age : 39 37 37
2023 Total Households : 3,793 33,567 95,713
2023 Pop Age 25+: Bachelor's Degree : 2,637 22,152 59,824
2023 Average Home Value : $ 362,205 $ 347,501 $ 327,732
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Spring Cypress Rd Memorial Gate Dr 2005 14,472 0.10 mi
Champion Forest Dr Knurled Oak Ln 2011 11,540 0.18 mi
Spring Cypress Road Bonnie Sean Dr 2019 31,028 0.96 mi
Spring Cypress Rd Bonnie Sean Dr 2011 36,440 0.96 mi
Hidden Trail Ln Northbridge Dr 2011 1,210 0.97 mi
Spring Cypress Road Cedar Edge Dr 2019 30,820 1.08 mi
Spring Cypress Rd Cedar Edge Dr 2006 24,540 1.09 mi
Landry Blvd Methil Dr 2011 4,410 1.13 mi
Old Louetta Rd Landry Blvd 2006 3,780 1.20 mi
Champion Forest Dr Vintage Creek Dr 2005 6,028 1.26 mi

Listing Broker

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