Total Point Urgent Care | New 20yr Abs NNN
5,351 SF | Office Building | Arlington, TX 76017 | $7,897,114 ($1,476/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,897,114
- Property Type
-
Office
- Square Feet
- 5,351 SF
- Price / Square Foot
- $1,476
Listing Contacts
Britt Raymond
Verified Profile
Kyle Fant
Verified Profile
- Property Info
Property Overview
• Brand-new 20-year lease with 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 on-site 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
• 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 on-site 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
Property Details
- Class
- B
- Year Built/Renovated
- 2005/2023
- Stories
- 1
- Property Subtype
- Medical, Freestanding
- Lot Size (sq. ft)
- 57,935 SF
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 | Direct Consumer Base | Interstate 20 (181,500 VPD) | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area | Six-Figure Incomes
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