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Views: 20 DOM: 64 Updated: 03.14.24 Posted: 03.14.24 Status: Active

Summary

Price $7,308,000
Built/Renov 2023
Tenant Total Point ER
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,651
Lease Start 12-15-2021
#Units 15
Price/SF $1,098.78
Expiration 12-31-2041
Tenant Type Medical/Health
NOI $529,814
R. Term 17.7
Ownership Fee Simple
Rent/SF $79.66
Increases 2.0%/1/yrs
Pop 5Mi 320,053
Lot/AC 0.80
Options 4/5yrs/2%
AHHI 5Mi $103,063

Lease Highlights

  • Total Point ER has 17+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Total Point ER is strategically located on Eldridge Parkway, a major retail and commuter thoroughfare, with access to a high daily traffic count of 46,600 vehicles. The property further benefits from its proximity to the signalized, hard corner intersection of Briar Forest Drive and Eldridge Parkway (combined 71,000 VPD). Additionally, it is conveniently adjacent to The Heritage, a 50-bed...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Total Point ER
  • Guarantor:Corporate
  • Company:Elysian Capital Inc.
  • # Units:15
  • Stock:Private

About Tenant

Total Point Urgent Care is a convenient healthcare resource for underserved communities. Their clinics offer immediate medical care at a fraction of the cost of emergency rooms, without having to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 27,407 137,575 323,254
2023 Total Population : 25,879 134,898 320,053
2023 Employed Civilian Pop : 15,272 72,973 167,097
2023 Total Businesses : 755 5,908 15,184
2023 Average Household Income : $ 103,200 $ 107,412 $ 103,063
2023 Total Consumer Spending : $ 1073 M $ 5349 M $ 11070 M
2023 Median Age : 37 37 36
2023 Total Households : 12,084 57,780 124,481
2023 Pop Age 25+: Bachelor's Degree : 7,671 33,101 65,268
2023 Average Home Value : $ 493,440 $ 401,624 $ 386,278
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Eldridge Pkwy Briar Forest Dr 2015 31,766 0.10 mi
Briar Forest Dr Lakeside Enclave Dr 2011 17,490 0.21 mi
Briar Forest Drive PkBayou Dr 2019 17,620 0.25 mi
Eldridge Pkwy Briarbrook Ln 2014 32,157 0.27 mi
Briar Forest Dr PkBayou Dr 2011 16,080 0.29 mi
Eldridge Pkwy Olive Hill Dr 2011 27,070 0.29 mi
Whittington Court South Whittington Dr 2019 5,716 0.38 mi
Enclave Pkwy Briar Forest Dr 2011 7,340 0.39 mi
Briar Forest Dr Enclave Pkwy 2011 18,410 0.43 mi
Enclave Pkwy Briar Forest Dr 2015 10,657 0.44 mi

Listing Broker

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