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Abilene, TX - Total Point Urgent Care (10th)

$2,960,000

1116 E N 10th Street, Abilene, TX 79601

Active
Last Updated: 06/29/2024

7.25

Cap Rate

214,583

NOI

Details:
Cap Rate:    7.25%
NOI:    $214,583
Building Size:    2,551 sqft
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 N Judge Ely Blvd and E N 10th St averaging 31,100 VPD
- Located off Interstate 20 (38,500 VPD), allowing users to benefit from direct
on/off ramp access
- The site is an outparcel to a United Supermarkets anchored shopping center; the United Supermarket ranks in the top 76% of all US locations according to Placer.ai
- The subject property has significant street frontage along E N 10th St and multiple points of access, providing ease and convenience for customers

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