Medical    

MainStreet
Urgent Care

 Thomasville, GA

Asking Price

$2,158,000

Cap Rate

5.65%

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Square Feet

3,250 SF

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Land

0.79 AC

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Lease

Passive NNN Lease

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Population

30,284 (5-Mi)

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Average HHI

$77,417 (5-Mi)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 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.

Exclusively Listed By

Brett Butler

Senior Vice President
  brett@northmarq.com      949.662.1277
GA Lic. #358785

Chris Whelan

Senior Analyst
  cwhelan@northmarq.com   

Nick Phillips

Senior Associate
  nphillips@northmarq.com      949.688.6373

Northmarq

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