Abilene, TX - Total Point Urgent Care (Pioneer Drive)

125 S. Pioneer Drive, Abilene, TX, TX

$3,065,000

Price

7%

Cap Rate

$214,583

NOI

Overview
Cap Rate
7%
NOI
$214,583
Description

- Brand-new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease is guaranteed by Rocinate Equity Inc., dba Elysian Capital, a UK based private equity firm, seeking companies with aspirational management who are open to unlock their full potential
- There are 2% annual rental increases throughout the initial term and each option period, growing NOI and hedging against inflation
- Newly redeveloped urgent care facility offering imaging services such as onsite x-rays and labs
- Total Point is a rapidly growing medical service provider with urgent cares, imaging, emergency rooms and hospitals across Texas and Arizona

- Total Point Urgent Care is strategically located off the signalized, hard corner intersection of S 1st St and S Pioneer Dr averaging 33,300 VPD
- Located off US Hwy 277 (43,300 VPD), allowing for direct on/off ramp access for travelers
- The immediate trade area is supported by surrounding retailers such as Arby’s, KFC, Burger King, and more
- Ideally located in the heart of several neighborhoods, providing a direct consumer base from which to draw
- The subject property has significant street frontage along S Pioneer Dr and multiple points of access, providing ease and convenience for customers


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Listing ID: a288X0000075ccgQAA
Location
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