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INVESTMENT HIGHLIGHTS
Brand-New Construction The Property is scheduled to deliver July 2023, offering peak residual value and depreciation potential. New construction insulates Landlord from any near-term capital repairs and replacements, complemented by transferable manufacturer warranties.
Passive Net Lease Structure The Lease provides 100% reimbursement by Tenant for all operating expenses, including roof and structure. Tenant self-maintains all common areas, including parking lot and HVAC.
Corporate Guaranty by Growing Operator The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the 40-unit network doing business as MainStreet Urgent Care. MainStreet has 40 locations in operation with 9 more coming soon.
Long-Term Lease with Rent Growth The newly-executed lease offers 15 years of remaining lease term, ensuring ease of securing favorable financing terms. The Lease features 10% rent increases every five years during the base term and each of the four, five-year renewal options.
Savannah-Hinesville-Statesboro MSA Hinesville is a community of the Savannah CBSA, a six-county region with a population of 565,750 residents. Savannah is the state’s 5th largest market and home of the nation’s 3rd largest seaport. In 2021, the region generated a combined GDP in excess of $30 billion.
Excellent Demographics and Visibility The Property features direct frontage to Oglethorpe Hwy (± 32,994 VPD), the city’s primary route and connector road to Interstate 95. The surrounding 5-mile area contains a patient base of 48,928 residents earning an average household income of $66,866 annually.
