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Granbury, TX - Total Point Urgent Care

$10,357,000

1301 Paluxy Road, Granbury, TX 76048

Active
Last Updated: 04/16/2024

7

Cap Rate

725,000

NOI

Details:
Cap Rate:    7%
NOI:    $725,000
Building Size:    8,276 sqft
Lot Area:    0.92 acres
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 Rocinante Equity (dba Elysian Capital) and Jeff Love as an individual
• There are 2% annual rental increases throughout the initial term and each option period, growing NOI and hedging against inflation

• Total Point Urgent Care is strategically located at the hard corner intersection of Paluxy Road and North Meadows Drive averaging 5,100 vehicles passing by daily
• The asset is less than half a mile from West US Highway 377 (40,600 VPD), a main retail thoroughfare serving the city of Granbury
• The subject property is half a mile from Port Brazos Shopping Center, a 117,000+ SF Brookshire’s anchored shopping center
• The immediate trade area is supported by several big box retailers such as The Home Depot, Lowe’s, Walmart Supercenter, Staples, and more

Map:
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