Retail•Street Retail•For Sale
Exceptional Emergency Center - NNN - 7.62 CAP
2105 South Western St., Amarillo, Texas 79106
Newer construction (2016), 8,000 square foot Emergency Center located in a prime location in growing Amarillo, Texas. Net Net Net lease with 8 years remaining and absolutely NO landlord responsibilities. The Lease is structured with 2% annual increases every year through the term. Recently acquired from Neighbors Healthcare, this location has a proven track record and features a state of the art facility. Now operating as Exceptional Emergency Center, the center will continue to provide exceptional emergency care, cardiology and emergency care for adults and children. The facility is equipped to handle imaging and laboratory needs such as CT scans, ultrasound or X-rays. Premier emergency services are offered 24 hours daily, 7 days a week.
Exceptional Emergency Centers operate in Texas and Oklahoma. The tenant advises that doctors operating the facility have invested their own money in the business indicating a strong commitment to this location and its future.
Prominently located on South Western Street, the site features easy access and excellent visibility with direct access to Interstate 40, one of Amarillo's main traffic thoroughfares with daily traffic counts in excess of 84,100 vehicles. A four way signalized traffic light coupled with excellent signage enhances this location's exposure.
Not only does the property enjoy a centralized location, but it is an out parcel to "Western Crossing", a 188,133 square foot regional shopping center featuring Petco, Michael's, Mardel ,Burlington Coat Factory and others.
The site is located in a very strong retail area adjacent to Taco Bell and Subway and across from McDonalds, Wendy's and Burger KIng. Additionally, it is close to large retailers like Home Depot,Office Depot, Walgreen;s, Sam's Club,Target, Best Buy,Bed Bath and Beyond and Ross Dress for Less and the regional "Westgate Mall" , an 878,000 square foot enclosed shopping mall anchored by Dillard's, Penny's,Victoria;s Secret, Forever 21, Bath and Body Works , Sears and many more. The Mall is a major traffic draw for the area.
The site is in proximity to several major attractions including Amarillo Civic Center, Amarillo Country Club, Amarillo Zoo, The Botanical Garden and Sunrise Wonderland Amusement Park, to name a few. Also, strong student populations surround the site with Tascosa High School (2,200 students), Amarillo College (9,900 students), Avondale Elementary (530 students), Austin Middle School (815 students), Crocket Middle School ( 850 students) plus others.
Over 158,000 people reside within a 5 mile radius.
- 7.62% cap !!!
- RECESSION RESISTANT Tenant
- Long Term NNN leased investment - An investor's delight
- 2% annual increases
- Absolute NET Lease - NO Landlord responsibilities
- 8 YEARS remain on the initial term
- 2% annual increases in rent through the term and options
- NEW Construction (2016)
- Award Winning Tenant
- Multiple Locations in Texas and Oklahoma
- Prime Major Retail Location-centralized, great access and visibility
- Strong Demographics
- Operational Doctors have invested their own money indicating a strong commitment to the location
- Texas is a tax free state
1/9/2020 5:15:36 PM
3/31/2020 3:45:27 PM