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Building Size
6,421 SF
Land Size (Acres)
0.8 AC
Expense Structure
NNN
Year Built
2016
Avg HH Income
$94,644 (3-mile)
INVESTMENT HIGHLIGHTS
STRONG DEMAND AND EXCELLENT DEMOGRAPHICS - ER Now is the only free-standing ER in Wichita Falls which has a metro population of 151,201. Within five (5) miles of the Property, there are 74,591 residents earning an average household income of $86,815.
HIGH-QUALITY CONSTRUCTION - The facility was built in 2016. With the high-quality construction, the probability of necessary structural repairs or maintenance is minimal.
OFFERED BELOW REPLACEMENT COST - The property is offered at a price point significantly below replacement cost. Market construction costs average $888/sf for acute care facilities.
INCOME TAX-FREE STATE - The State of Texas does not have individual state income tax. This is a very attractive feature to net lease investors and lends itself to Texas being one of the most attractive states in the minds of net lease investors.
NNN LEASE - ER Now has five (5) years remaining on their base lease term and two (2) five (5) year renewal options. The lease is NNN, with Landlord responsible for roof & structure.
