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DOM: 4 Updated: 03.05.24 Posted: 11.09.23 Status: Sold 11.13.23

Summary

Price $2,436,000 $2,864,614
Built/Renov 2022
Tenant Hopebridge Autism Therapy
Cap Rate 7.80% 6.63%
Lease Type Double NN
Guarantor Corporate
Size/SF 9,800
Lease Start 10-02-2022
#Units 125
Price/SF $248.57 $292.31
Expiration 02-09-2032
Tenant Type Medical/Health
NOI $189,924
R. Term 6.9
Ownership Fee Simple
Rent/SF $19.38
Increases 2.0%/1/yrs
Pop 5Mi 57,492
Lot/AC 1.16
Options 2/5yrs/2%
AHHI 5Mi $76,243

Lease Highlights

  • New 2022 construction
  • Hopebridge Autism Therapy has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rental increase throughout the initial term and FMV in each option
  • Corporate guaranteed lease

Location Description

Hopebridge Autism Therapy is strategically located on Exeter Road, positioned 2 miles from an Interstate-40 Exit Ramp, with access to 54,100 vehicles passing by daily. The property is in close proximity to multiple national tenants such as Target, McDonald’s, PetCo, Red Lobster, Crumbl Cookies, Starbucks, and more. Additionally, it is conveniently located 1 mile from Union University and 2...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hopebridge Autism Therapy Center offers a complementary, interdisciplinary team approach to bring hope and support to the families in the community impacted by autism and other developmental...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,033 36,002 57,066
2023 Total Population : 5,088 35,983 57,032
2023 Employed Civilian Pop : 2,459 16,637 25,933
2023 Total Businesses : 351 1,875 2,667
2023 Average Household Income : $ 89,438 $ 95,805 $ 85,948
2023 Total Consumer Spending : $ 144 M $ 1185 M $ 1726 M
2023 Median Age : 33 38 38
2023 Total Households : 1,872 14,402 23,212
2023 Pop Age 25+: Bachelor's Degree : 692 5,709 8,548
2023 Average Home Value : $ 274,013 $ 263,525 $ 245,317
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
OIL WELL RD. Foxworth Dr 2020 11,013 0.16 mi
OIL WELL RD. Foxworth Dr 2021 15,006 0.22 mi
Oil Well Road Wyndhurst Dr 2022 15,194 0.22 mi
Stonebrook Pl Oil Well Rd 2003 44,840 0.50 mi
Pleasant Plains Rd Brookies Pond Cv 2012 8,952 0.60 mi
Pleasant Plains Road Brookies Pond Cv 2022 10,779 0.67 mi
Hwy 45 Byp 2022 47,572 0.69 mi
Pleasant Plains Extended Bridlepath Dr 2022 8,457 0.83 mi
Hwy 45 Byp Garland Dr 2012 26,835 0.85 mi
OIL WELL RD. Wyndhurst Dr 2021 14,349 0.87 mi

Listing Broker

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