1116 NE 10th St - Freestanding FOR SALE


Abilene, TX 79601- North Abilene
$2,960,000 USD
929-229-2614
1116 NE 10th St, Abilene, TX for Sale
$2,960,000 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

1116 NE 10th St
Abilene, TX 79601
North Abilene


HIGHLIGHTS

  • Brand-New 20-Year Lease | Options To Extend | Strong Guarantee | 2% Annual Rental Increases | Fast Growing Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Off Signalized, Hard Corner Intersection | Interstate 20 | Shopping Center Outparcel | Excellent Visibility & Access
  • Local Demographics 5-Mile Trade Area

OVERVIEW

Brand-new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is guaranteed by Rocinate Equity Inc., dba Elysian Capital, a UK based private equity firm, seeking companies with aspirational management who are open to unlock their full potential. There are 2% annual rental increases throughout the initial term and each option period, growing NOI and hedging against inflation Newly redeveloped urgent care facility offering imaging services such as onsite x-rays and labs. Total Point is a rapidly growing medical service provider with urgent cares, imaging, emergency rooms and hospitals across Texas and Arizona.

FOR SALE DETAILS

PRICE

$2,960,000 USD

PRICE/SF

$1,160 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Total Point Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

GR - General Retail

APN/PARCEL ID

63775000311

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.