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Total Point Urgent Care 1116 NE 10th St

2,551 SF Retail Building Abilene, TX 79601 $2,960,000 ($1,160/SF) 7.25% Cap Rate

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,551 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$2,960,000
Price Per SF
$1,160
Cap Rate
7.25%
NOI
$214,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.68 AC
Zoning
GR - General Retail
Parking
40 Spaces (15.68 Spaces per 1,000 SF Leased)
Frontage
194 FT on 10th St

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Your Choice Healthcare, LLC
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Your Choice Healthcare, LLC Health Care and Social Assistance 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
99311
Land Assessment
$170,821
Improvements Assessment
$701,179
Total Assessment
$872,000
  • Listing ID: 29888395

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: 1116 NE 10th St, Abilene, TX 79601

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