QuickVisit Urgent Care | Triple Net (NNN)
$1,408,000
1016 North Kilgore Street, Kilgore, TX 75662
For Sale
Office
Medical
Pending
Last Updated: 05/03/2021
7.5
Cap Rate
105,600
NOI
Details:
Cap Rate: 7.5%
NOI: $105,600
Building Size: 3,000 sqft
Lot Area: 0.41 acres
Lease Type: Triple Net
Year Built: 2020
Price Per Sqft: $469.33
Highlights:
- Long term 12 year Triple Net (NNN) Lease with minimal landlord responsibilities.
- 1.25% annual rental increases with three 5-year option periods.
- Corporate guarantee from Quickvisit Management, LLC.
- Long term 15-year roof warranty.
- Average household income of $61,562 within a 5-mile radius.
- Medical essential business ; Open and operating throughout pandemic.
- Quickvisit urgent care provides accessible, affordable healthcare for all ages ; They offer a broad range of services such as onsite x-rays, health management, cold and flu treatment, sutures and much more.
- Rapidly expanding with multiple clinics that are located throughout Texas and Iowa.
- Texas is an income tax free state.
- *"As the 9th largest economy among the nations of the world and home to 50 fortune 500 headquarters, Texas offers a business -friendly climate—with no corporate income tax and no personal income tax—along with a highly skilled workforce, easy access to global markets, robust infrastructure and predictable regulations”
- The average ROI of Kilgore primary employers is 61% greater than the ROI of top primary employers nationally, according to Texas A&M University.
- Neighboring Tenants Include: Walmart Supercenter, CVS, Brookshire’s, Walgreens, Dollar Tree, ABC Auto Parts, Shoe Department, Anytime Fitness, Blake Furniture, McDonald’s, Chili’s, Burger King, BBVA Bank, and Many More.
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale the 3,000 SF QuickVisit Urgent Care Located in 1016 N Kilgore Street in Kilgore, TX. This Deal Includes a New Long Term 12 Year Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC
Lic. # 9004706 BoR: Max Freedman TX Lic. # 644481
Documents:
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Offering Memorandum |
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