Ruston, LA - SouthStar Urgent Care
$1,746,000
117 N Service Rd E, Ruston, LA 71270
6.5
Cap Rate
113,520
NOI
Details:
Description:
• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Urgent Care is in close proximity to North Park Mall Shopping Center that features national/credit tenants including Hibbett Sports, Planet Fitness, Office Depot, Bath & Body Works, McDonald’s, Harbor Freight, and bealls
• Near Walmart Plaza, a Walmart Supercenter anchored center with other national/credit tenants such as GameStop, Dollar Tree, Petsense, GNC, and more
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowes, Shoe Dept, Raising Cane’s, Whataburger, Wingstop, Anytime Fitness, Walgreens, and more
• The asset is also located just 1 mile from Louisiana Tech University which has over 12,000 students
Location
Gallery