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Updated: 03.14.24 Posted: 08.03.23 Status: Sold

Summary

Price $1,900,000 $1,990,000
Built/Renov 1999
Tenant Touchstone Medical Imaging
Cap Rate 6.59% 6.29%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,590
Lease Start 06-18-2010
#Units 70
Price/SF $288.32 $301.97
Expiration 06-30-2031
Tenant Type Medical/Health
NOI $125,210
R. Term 6.1
Ownership Fee Simple
Rent/SF $19.00
Increases 3.0%/1/yrs
Pop 5Mi 316,650
Lot/AC 0.75
Options 2/5yrs/3%
AHHI 5Mi $113,762

Lease Highlights

  • Touchstone Medical Imaging has been operating in this location since 2010
  • Tenant has over 7 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 3% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Touchstone Medical Imaging

Location Description

This 6,590 square foot Touchstone Medical Imaging is strategically located along Basswood Boulevard with access to 28,500 vehicles per day. The site benefits from its close proximity to Denton Highway (US 377) seeing over 40,000 vehicles per day. Neighboring national/credit tenants in the area include Walmart Neighborhood Market, Target, McDonald's, Chipotle, Wataburger and many others. A...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Touchstone Imaging
  • Guarantor:Corporate
  • Company:Touchstone Medical Imaging
  • # Units:70
  • Stock:Private

About Tenant

Touchstone Medical Imaging, is a leading provider of outpatient diagnostic imaging services in the United States. Their centers work with leading fellowship trained, subspecialty radiologists to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 19,224 142,821 319,444
2023 Total Population : 19,668 141,665 316,096
2023 Employed Civilian Pop : 10,996 78,435 168,167
2023 Total Businesses : 341 3,227 8,943
2023 Average Household Income : $ 112,408 $ 106,564 $ 113,778
2023 Total Consumer Spending : $ 603 M $ 4707 M $ 11143 M
2023 Median Age : 35 35 36
2023 Total Households : 6,301 51,234 113,741
2023 Pop Age 25+: Bachelor's Degree : 3,629 25,183 57,622
2023 Average Home Value : $ 271,614 $ 298,503 $ 318,610
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Park Vista Blvd Basswood Blvd 2009 11,430 0.12 mi
Basswood Blvd Parkwood Hill Blvd 2009 24,140 0.13 mi
Basswood Blvd PkVista Blvd 2005 26,108 0.22 mi
Canyon Lands Dr Parkwood Plz Dr 2009 389 0.24 mi
Denton Highway Bunker Blvd 2020 33,388 0.30 mi
Hightower Dr Basswood Blvd 2004 41,000 0.30 mi
Crescent Lake Dr PkVista Blvd 2000 4,519 0.33 mi
Constitution Hightower Dr 2009 11,580 0.47 mi
Chapman Rd Levitt Dr 2009 2,980 0.57 mi
Basswood Blvd Los Padres Trl 2004 26,630 0.59 mi

Listing Broker

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