Abilene, TX - Total Point Urgent Care (10th)
$2,960,000
1116 E N 10th Street, Abilene, TX 79601
7.25
Cap Rate
214,583
NOI
Details:
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 on-site 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 (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
Location
Gallery