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Views: 60 DOM: 98 Updated: 09.18.24 Posted: 08.08.24 Status: Active

Summary

Price $4,897,000
Built/Renov 2015
Tenant Prestige Emergency Room
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 6,631
Lease Start 02-01-2020
#Units 4
Price/SF $738.50
Expiration 02-01-2030
Tenant Type Medical/Health
NOI $342,823
R. Term 5.2
Ownership Fee Simple
Rent/SF $51.70
Increases 10.0%/1/yrs
Pop 5Mi 275,562
Lot/AC 1.55
Options 1/5yrs/10%
AHHI 5Mi $99,588

Lease Highlights

  • Prestige Emergency Room has 5+ years remaining on the current lease term with 1 (5-year) option remaining
  • The lease features 10% rental escalations throughout the initial term and option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Prestige Emergency Room is strategically located on State Highway 1604, a major retail and commuter thoroughfare with access to 36,300 vehicles passing by daily. The property is ideally situated between a 24-hour Walmart Supercenter and Kohl’s, and is close to multiple shopping centers, including The Shops at Dove Creek, Westover Marketplace, and Alamo Ranch. The immediate area features...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Prestige Emergency Room is a 24-hour full-service emergency room designed to provide emergency care for all sorts of medical emergencies without the prolonged wait times associated with...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,192 122,922 299,190
2024 Total Population : 13,507 112,826 274,795
2024 Employed Civilian Pop : 6,763 57,796 138,920
2024 Total Businesses : 276 1,342 3,897
2024 Average Household Income : $ 116,344 $ 110,409 $ 103,742
2024 Total Consumer Spending : $ 440 M $ 3554 M $ 8559 M
2024 Median Age : 35 33 34
2024 Total Households : 4,317 36,703 93,517
2024 Pop Age 25+: Bachelor's Degree : 2,388 16,680 38,193
2024 Average Home Value : $ 260,356 $ 299,237 $ 295,538
*ESRI data is presented for informational purposes only

Listing Broker

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