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DOM: 89 Updated: 02.27.24 Posted: 11.09.23 Status: Sold 02.06.24

Summary

Price $10,218,000
Built/Renov 2014/2023
Tenant Total Point ER
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,312
Lease Start 08-01-2023
#Units 12
Price/SF $990.88
Expiration 08-01-2043
Tenant Type Medical/Health
NOI $715,275
R. Term 18.2
Ownership Fee Simple
Rent/SF $69.36
Increases 2.0%/1/yrs
Pop 5Mi 216,495
Lot/AC 0.00
Options 4/5yrs/2%
AHHI 5Mi $127,618

Lease Highlights

  • Total Point ER recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • Lease features 2% annual rental increases
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The subject property is strategically located, fronting N MacArthur Blvd. (55,000+ VPD), and is just off I-635 (248,000+ VPD), allowing users with a direct on/off ramp point of access. The trade area is supported by surrounding retail developments that feature national tenants such as Target, Kroger, TJ Maxx, HomeGoods, Sprouts, and more. In addition, the site’s location in a strong...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Total Point ER
  • Guarantor:Corporate
  • Company:Elysian Capital Inc.
  • # Units:12
  • 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 : 18,083 95,316 220,505
2023 Total Population : 18,083 90,764 216,495
2023 Employed Civilian Pop : 10,375 55,204 131,210
2023 Total Businesses : 778 4,866 14,216
2023 Average Household Income : $ 134,644 $ 135,453 $ 127,618
2023 Total Consumer Spending : $ 798 M $ 4372 M $ 9446 M
2023 Median Age : 35 35 35
2023 Total Households : 6,992 37,524 85,905
2023 Pop Age 25+: Bachelor's Degree : 4,582 25,987 52,833
2023 Average Home Value : $ 396,509 $ 449,517 $ 415,797
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Macarthur Blvd Ranchview Dr 2009 32,730 0.07 mi
Ranchview Drive N Macarthur Blvd 2021 12,330 0.16 mi
N Macarthur Blvd Market Pl 2011 45,600 0.20 mi
Market Pl N Macarthur Blvd 2012 8,100 0.26 mi
N Macarthur Blvd I- 635 2004 55,000 0.31 mi
N Macarthur Blvd Waterside Dr 2009 27,860 0.40 mi
I- 635 N Macarthur Blvd 2004 2,034 0.47 mi
Ranch Trl Casa Dr 2009 3,600 0.48 mi
Walton Blvd Hackberry Rd 2012 4,900 0.49 mi
Lyndon B Johnson Freeway N Macarthur Blvd 2021 91,404 0.53 mi

Listing Broker

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