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 over five (5.3) years remaining on their base lease term and exercised their first of three (3) five (5) year renewal options. The lease is NNN, with Landlord responsible for roof & structure.