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Off Market
1/8

108 Twin Fountains Dr
Victoria, TX 77904


HIGHLIGHTS

  • New 11-Year Lease | Annual 2% Rental Increases | Options to Extend | Corporate Guaranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Main Highway | Across the Street from Hospitals & Clinics | Close Proximity to Victoria Mall
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

The NextCare Urgent Care property is located directly along US Highway 87, just near the on/off ramps to US Highway 77, with a combined 34,500 vehicles passing by each day. The asset is ideally positioned across the street from a number of medical facilities such as the PAM Rehabilitation Hospital of Victoria, Warm Springs Specialty Hospital, and the DeTar Hospital North, providing excellent crossover synergy. The DeTar Hospital is expected to undergo a $3.3 million renovation, covering primarily the second floor which focuses on the hospital’s labor and delivery, and women’s services units. The property is just 1-exit south on US Highway 77 from the Victoria Mall (679,000 SF of retail) anchored by JCPenney, Bealls, Dillard’s, T.J. Maxx, and Best Buy, increasing consumer traffic to the immediate area. Other notable national/credit retailers surrounding the mall include The Home Depot, Target, PetSmart, Lowe’s Home Improvement, Walmart Supercenter (24-hour), Sam’s Club, Academy Sports + Outdoors, Kohl’s, Walgreens, and more, further increasing crossover shopping. The 5-mile trade area is supported by a population of over 67,000 residents with an average household income of $74,000. The 1-mile trade area boasts an average household income exceeding $164,500.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Nextcare Urgent Care | 11yr Corp Abs NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

10698

STORIES

1

YEAR BUILT

2011

SPRINKLERS

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PARKING SPACES

43

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

40156-001-00100