CareNow For Sale
$2,475,583
155 Wonder World Drive, San Marcos, TX 78666
For Sale
Retail
Active
Last Updated: 09/24/2024
6
Cap Rate
3,650 sqft
Building Size
Details:
Cap Rate: 6%
Building Size: 3,650 sqft
Lot Area: 0.57 acres
Lease Type: Absolute Net
Year Built: 2016
Highlights:
- YEAR BUILT: 2016 upgraded built-to-suit construction
- LONG TERM LEASE: 7.5 Years remaining on an initial 15 Year Lease
- AGGRESSIVE INCREASES: 10% Increases Every 5 Years
- ZERO LANDLORD RESPONSIBILITIES: Absolute NNN
- STRONG MEDICAL SYNERGY: Located 1.5 miles from Santa Rosa Hospital & ER Centers.
- PRIME LOCATION: Strategically positioned along I-35 Frontage Road insuring high visibility and easy accessibility for patients. Located near Sam’s Club, Target, Lowes, Kroger, H-E-B Distribution Center, San Marcos Outlet Malls, a premier shopping destination attracting 14 million annual visitors, etc.
- HIGH TRAFFIC EXPOSURE: Benefits from exceptional visibility on Interstate 35 a major Texas artery with a daily traffic count of 143,995 vehicles, connecting major metropolitan areas.
- DENSE RESIDENTIAL MARKET: Surrounded by established, high-density single-family neighborhoods, and multifamily communities, providing a substantial and affluent customer base.
- LARGE CUSTOMER BASE: Draws from a catchment area of +123,000 residents within a ten-mile radius, ensuring a steady stream of potential patients.
- H-E-B DISTRIBUTION CENTER: Located in proximity to H-E-B distribution center with over 4.5 million square feet of warehouse space.
- RAPIDLY EXPANDING EDUCATION MARKET: Home to Texas State University, fourteen primary and grade schools with a combined enrollment exceeding 12,700 students are situated within a 5-mile radius, the student population is projected to double to nearly 29,000 by 2031.
- STRONG COMMERCIAL BASE: Over 10.6 million square feet of industrial and office space, and 2.3 million square feet of retail and restaurant space are located within a 5-mile radius, supporting a robust daytime population of over 9,000 employees across 1,700 businesses.
Documents:
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Offering Memorandum
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