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 is centrally positioned in the primary retail corridor of Thomasville, with 1.9M SF of inventory leased at 95.9% in the surrounding 1-mile area. Nearby retailers include top performing locations for Lowe's (782K Visits; 77th Percentile) and Publix (1.6M Visits; 99th Percentile).
Excellent Visibility The Property offers direct frontage on Hwy 19, ensuring visibility to 211,176 vehicles per day. The surrounding 1-mile area contains 542 multi-family units, with 200 units under construction. The surrounding 5-mile area contains a populations of nearly 30K residents.