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DOM: 134 Updated: 01.12.24 Posted: 08.06.23 Status: Sold 12.19.23

Summary

Price $7,814,000
Built/Renov 2000
Tenant Total Point Urgent Care
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 8,042
Lease Start 06-01-2022
#Units 12
Price/SF $971.65
Expiration 05-31-2042
Tenant Type Medical/Health
NOI $546,975
R. Term 17.0
Ownership Fee Simple
Rent/SF $68.01
Increases 2.0%/1/yrs
Pop 5Mi 328,286
Lot/AC 1.01
Options 4/5yrs/2%
AHHI 5Mi $120,222

Lease Highlights

  • Tenant has 18+ years remaining on its current lease term with 4 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Rocinante Equity (dba Elysian Capital) and Jeff Love as an individual

Location Description

Total Point Urgent Care is strategically fronting Denton Highway averaging 40,500 vehicles passing per day. The site is located next to Watauga Pavilion, a 206,000 SF PetSmart and Office Depot anchored shopping center. The immediate trade area is supported by several big box retailers such as Target, Marshalls, Walmart Supercenter, Staples, Petco, and more. The subject property has significant...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 16,338 140,927 328,421
2023 Total Population : 16,673 141,963 325,438
2023 Employed Civilian Pop : 9,022 77,180 173,237
2023 Total Businesses : 434 3,143 8,807
2023 Average Household Income : $ 115,387 $ 118,733 $ 120,304
2023 Total Consumer Spending : $ 555 M $ 4967 M $ 12041 M
2023 Median Age : 36 36 36
2023 Total Households : 5,664 48,903 116,473
2023 Pop Age 25+: Bachelor's Degree : 2,940 26,996 63,334
2023 Average Home Value : $ 298,135 $ 312,160 $ 333,016
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Park Dr Denton Hwy 2009 3,860 0.13 mi
Starnes Rd Kelly Lynn Ln 2004 430 0.27 mi
Starnes Rd Partridge Dr 2009 5,290 0.40 mi
Redwood Trl Ross Lake Dr 2009 2,603 0.54 mi
Denton Hwy New Bursey Rd 2012 39,303 0.56 mi
Cedarhill Rd Starnes Rd 2004 230 0.58 mi
Canyon Lands Dr Parkwood Plz Dr 2009 389 0.63 mi
Bursy Rd Indian Springs Rd 2009 10,000 0.65 mi
Indian Springs Rd Starnes Rd 2009 2,820 0.65 mi
N Tarrant Pkwy Quail Valley Dr 2012 34,222 0.66 mi

Listing Broker

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