125 S Pioneer Dr - Freestanding FOR SALE


Abilene, TX 79605
$3,065,000 USD
929-229-2614
125 S Pioneer Dr, Abilene, TX for Sale
$3,065,000 USD
Freestanding - FOR SALE
1/8
null | 7% Cap Rate

125 S Pioneer Dr
Abilene, TX 79605


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 | Surrounding Retailers | Excellent Visibility & Access
  • 102,000 residents and 54,000 employees in the trade area
  • Average Household Income of $67,087

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

$3,065,000 USD

PRICE/SF

$1,158 USD /SF

CAP RATE

7%

% 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

1982

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

GC

APN/PARCEL ID

21950000201

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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