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Views: 82 DOM: 283 Updated: 11.21.24 Posted: 03.14.24 Status: Active 10.14.24

Summary

Price $7,620,000
Built/Renov 2014
Tenant Total Point ER
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,651
Lease Start 12-15-2021
#Units 15
Price/SF $1,145.69
Expiration 12-31-2041
Tenant Type Medical/Health
NOI $552,428
R. Term 17.0
Ownership Fee Simple
Rent/SF $83.06
Increases 2.0%/1/yrs
Pop 5Mi 188,367
Lot/AC 0.92
Options 4/5yrs/2%
AHHI 5Mi $135,509

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 Highway 6, a major thoroughfare for both retail and commuter traffic, with access to 39,900 vehicles passing by daily. The property offers exceptional visibility and access, featuring substantial street frontage, efficient points of ingress/egress, and a prominent monument sign. Situated within a dense retail corridor, it enjoys proximity to...

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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 : 7,874 86,129 200,921
2023 Total Population : 7,226 79,131 188,367
2023 Employed Civilian Pop : 3,536 39,449 93,659
2023 Total Businesses : 230 1,473 3,372
2023 Average Household Income : $ 139,418 $ 145,466 $ 135,509
2023 Total Consumer Spending : $ 330 M $ 3165 M $ 6964 M
2023 Median Age : 37 37 37
2023 Total Households : 2,830 25,863 60,769
2023 Pop Age 25+: Bachelor's Degree : 1,705 17,724 37,276
2023 Average Home Value : $ 379,527 $ 387,417 $ 357,167
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Alvin-Sugarland Rd Sienna Pkwy 2009 2,713 0.04 mi
Alvin-Sugarland Rd Sienna Pkwy 2008 49,900 0.12 mi
Sienna Parkway Alvin-Sugarland Rd 2019 16,428 0.12 mi
Sienna Pkwy Alvin-Sugarland Rd 2008 28,850 0.13 mi
Alvin-Sugarland Rd Sienna Pkwy 2008 35,290 0.19 mi
Trammel Fresno Rd Sienna Pkwy 2008 5,630 0.36 mi
Sienna Pkwy Oyster Creek Dr 2001 6,730 0.38 mi
Alvin-Sugarland Rd Frenchman's Creek Dr 2008 45,640 0.40 mi
Trammel Fresno Rd Ramble Creek Dr 2014 2,633 0.42 mi
Sienna Pkwy Trammel Fresno Rd 2008 22,590 0.43 mi

Listing Broker

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