Freedom Urgent Care,
Killeen, TX Investment Summary
| Price | $2,370,078 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Net Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof, Exterior Structural Walls, And Foundation |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2022 |
| Building Size | 3,500 SF |
| Lot Size | 1.20 Acres (52,396 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 10-YEAR NET LEASE WITH STRONG GUARANTY
» New 10-year net lease with strong guaranty
» 10 percent rental increases every five (5) years in initial term and option periods, providing a hedge against inflation
» Each Freedom Urgent Care offers area employers an array of near-site occupational health options
» Guaranteed by HH/Killeen Health System, LLC & Premier Health Consultants, LLC
HIGH-VISIBILITY TEXAS LOCATION WITH ACCESS TO OVER 40K VEHICLES
» Conveniently located along South Clear Creek Road, with access to 40,000+ vehicles per day
» Minutes from Central Texas College, which has almost 50,000 students
» The Killeen–Temple–Fort Hood MSA is one of the fastest growing metro areas in Texas
» Fort Hood is a major economic driver, contributing $35.4 billion annually to the state’s economy
» Prime location near Killeen’s most highly attended schools and universities, including Texas A&M University Central Texas (TAMU-CT), Shoemaker High School, and Live Oak Ridge Middle School (combined 6,668 students)
» TAMU-CT has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood and is expected to have a total annual economic impact on the region of between $65 million and $129 million
» Surrounded by high-density, single family housing developments and large apartment complexes
» 123,937 residents within a five-mile radius, providing a consistent customer base for the property
NEW 2022 CONSTRUCTION IN INCOME TAX FREE STATE
» 2022 built-to-suit construction
» New building, limiting near-term deferred maintenance or capital costs
» Texas has no state income tax, estate tax, or inheritance tax
Property Description
Sold
This Freedom Urgent Care is conveniently located along South Clear Creek Road, with excellent access and visibility to 40,000+ vehicles per day. The site is less than one mile from U.S. Highway 190, a major east-west thoroughfare connecting Texas and Louisiana. The property is strategically located within the Killeen–Temple–Fort Hood MSA, one of the fastest growing metro areas in Texas. The location is also just three miles from Fort Hood, a major economic driver contributing $35.4 billion annually to the state’s economy.
The property features a prime location near Killeen’s most highly attended schools and universities, including Texas A&M University Central Texas (TAMU-CT), Shoemaker High School, and Live Oak Ridge Middle School (combined 6,668 students). TAMU-CT has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood and is expected to have a total annual economic impact on the region of between $65 million and $129 million. The site is also surrounded by high-density, single family housing developments and large apartment complexes, with 123,937 residents living within a five-mile radius.
