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Views: 416 DOM: 201 Updated: 11.26.24 Posted: 06.02.24 Status: Active

Summary

Price $3,333,000
Built/Renov 2024
Tenant AFC Urgent Care
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,000
Lease Start 08-01-2024
#Units 365
Price/SF $833.25
Expiration 07-31-2039
Tenant Type Medical/Health
NOI $205,000
R. Term 14.7
Ownership Fee Simple
Rent/SF $51.25
Increases 8.0%/5/yrs
Pop 5Mi 42,952
Lot/AC 0.76
Options 4/5yrs/8%
AHHI 5Mi $72,830

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

AFC Urgent Care is strategically located at the signaled, hard corner intersection of S Horner Blvd and Bragg Street, with access to a combined daily traffic count of 43,300 vehicles. The property features ingress and egress on both roads, with shared access with the adjacent Circle K. Additionally, the immediate area is surrounded by well-known national tenants including Planet Fitness, Food...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AFC Urgent Care
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:365
  • Stock:Private

About Tenant

American Family Care is a provider of non-emergency room family healthcare services. All AFC clinics are designed, equipped, and staffed to provide accessible primary care, urgent care, minor...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,958 24,127 44,575
2024 Total Population : 3,815 23,177 42,798
2024 Employed Civilian Pop : 1,438 10,001 19,340
2024 Total Businesses : 450 1,410 1,913
2024 Average Household Income : $ 48,469 $ 56,852 $ 74,361
2024 Total Consumer Spending : $ 58 M $ 438 M $ 1109 M
2024 Median Age : 36 36 38
2024 Total Households : 1,344 8,554 16,665
2024 Pop Age 25+: Bachelor's Degree : 215 1,802 4,915
2024 Average Home Value : $ 239,322 $ 228,520 $ 280,599
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Horner Boulevard Bragg St 2022 22,588 0.06 mi
US 421 BUS Bragg St 2020 21,000 0.22 mi
S Horner Blvd E Globe St 2012 25,000 0.22 mi
Bragg Street S Horner Blvd 2022 9,278 0.25 mi
US 421 BUS Hester Ct 2020 22,000 0.29 mi
South Horner Boulevard Hester Ct 2019 24,500 0.30 mi
US 421 Business;NC 4 Hester Ct 2022 23,325 0.31 mi
South Horner Boulevard Lee Ave 2022 23,702 0.36 mi
Nash Street Clearwater Dr 2022 6,891 0.36 mi
East Main Street W Main St 2022 12,246 0.40 mi

Listing Broker

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