Brand-New Construction The Property was delivered in August 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.
Easily Accessible Location The Property is situated along Swannanoa Ave, less than two miles from U.S. Highway 421, offering a direct route to Greensboro.
Strategic Location The Property is strategically located as the only Urgent Care Facility within a 20 minute drive, providing for limited competition.