Texas Health Breeze Urgent Care, Denton, Texas

4600 Teasley Ln no-imageVIEW MAP

Property Information

Price: $4,210,526

Cap Rate: 4.75%
NOI: $200,000
Lease Term: 10 Years
Lease Type: Absolute NNN
Building Size: Approximately 3,300+/- Square Feet
Year Built: 2022
Status: Available
Lead Broker Information:

Randy Bell



Property Description

Investment Highlights

  • Brand New 10 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
  • 2% Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Best-in-Class Tenant – Founded in 1997, Texas Health Resources is a Health Industry Leader That Operates 29 Hospitals & 19 Breeze Urgent Care Centers & Maintains a Moody’s Credit Rating of “Aa2” – They Currently Serve More Than 7 Million Residents in North Texas & Generated Over $5.5 Billion of Total Operating Revenue in 2021
  • New Construction, Pride of Ownership Asset Featuring Breeze Urgent Care’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Densely Populated, Infill Location with Excellent Demographics – Over 151,000 People in a 5-Mile Radius with Average Household Income Exceeding $111,000 in a 1-Mile Radius of the Property
  • High Traffic Location with Excellent Visibility – More Than 18,000 Vehicles Per Day on Teasley Lane & an Additional 8,690 on Nearby Hickory Creek Rd
  • Tremendous Recent Growth – More Than 28.5% Population Growth within a 5-Mile Radius of the Property Since the 2010 Census
  • Strategically Positioned as a Pad to Sprouts Village Shopping Center, a Sprout’s Famers Market Anchored Center That Brings Daily-Needs Consumers Directly to the Property – More Than 32,400 Average Visits per Month to the Center During the Prior Calendar Year
  • Situated Adjacent to Hickory Creek Plaza Shopping Center, a Kroger Grocery Anchored Center That Brings Daily-Needs Consumers to the Immediate Trade Area – More Than 109,500 Average Visits per Month to the Center Over the Last Calendar Year
  • Approximately 1.1 Miles from John H. Guyer High School That Has More Than 2,600 Students Currently Enrolled
  • Excellent Multi-Family Density with Over 15,800 Apartment Units Located within a 5-Mile Radius of the Property
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset