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Vacant-User

NextCare Urgent Care

3802 Catclaw Dr, Abilene, TX 79606

Listing Price: $1,728,850

Cap Rate
7.00%
Gross SF
4,964
Rentable SF
4,964
Price/Gross SF
$348.28
Lot Size
1.20 acres
Year Built
2010

Investment Overview

The Diffie Retail Team is pleased to present for sale the 4,964 square foot NextCare Urgent Care located at 3802 Catclaw Dr., Abilene, Texas. This deal features a Double Net+ lease with approximately two years and three months remaining. This property features 3 percent annual increases with the next increase upcoming in December. This location has a strong operational history as an urgent care facility with NextCare acquiring this location back in 2014 from a local urgent care group and not requesting a single rent holiday during the Covid-19 pandemic. That local group still maintains a small office space within the building despite NextCare leasing the entire facility and plans to relinquish this space back to the tenant at the close of escrow providing additional space for tenant expansion. With zero options remaining, there is significant upside potential for incoming investors to negotiate a completely new lease at the end of this term.

Investment Highlights

  • 3 Percent Annual Increases
  • Strong Demographics
  • 2010 Construction
  • Income Tax-Free State
  • Significant Upside for Incoming Investor

Exclusively Listed By

Financing By

Vacant-User

NextCare Urgent Care

Listing Price: $1,728,850

Cap Rate
7.00%
Gross SF
4,964
Rentable SF
4,964
Price/Gross SF
$348.28
Lot Size
1.20 acres
Year Built
2010

Investment Highlights

  • 3 Percent Annual Increases
  • Strong Demographics
  • 2010 Construction
  • Income Tax-Free State
  • Significant Upside for Incoming Investor

Investment Overview

The Diffie Retail Team is pleased to present for sale the 4,964 square foot NextCare Urgent Care located at 3802 Catclaw Dr., Abilene, Texas. This deal features a Double Net+ lease with approximately two years and three months remaining. This property features 3 percent annual increases with the next increase upcoming in December. This location has a strong operational history as an urgent care facility with NextCare acquiring this location back in 2014 from a local urgent care group and not requesting a single rent holiday during the Covid-19 pandemic. That local group still maintains a small office space within the building despite NextCare leasing the entire facility and plans to relinquish this space back to the tenant at the close of escrow providing additional space for tenant expansion. With zero options remaining, there is significant upside potential for incoming investors to negotiate a completely new lease at the end of this term.

Exclusively Listed By

Financing By

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