Brand-New Construction The Property was completed in 2022, 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 38-unit network doing business as MainStreet Urgent Care. MainStreet has opened 6 new locations in 2022 with 7 locations 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.
Strategic Market Position The Property features direct frontage on U.S. Hwy 301, which supports 32,272 vehicles per day. The Property is adjacent to the only Walmart Supercenter within a 20-mile area, generating over 1.8 million visits annually.