southstar urgentcare ville platte,louisiana now open · 2019. 8. 22. · medical clinic/urgent care...

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SouthStar UrgentCare Ville Platte, Louisiana Now Open Additional Locations Coming Soon!

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Page 1: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

SouthStar UrgentCare Ville Platte, Louisiana

Now OpenAdditional Locations Coming Soon!

Page 2: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

1. Investment Summary

2. Lease Summary

3. Investment/Tenant Overview

4. Annual Rent Summary

5. Key Urgent Care Factor

6. Operation location Map

7. Retail Market Area

Ville Platte, Louisiana

Additional Locations Coming Soon:

Bastrop, LouisianaMinden, Louisiana

Spring Hill, Louisiana Slidell, LouisianaMany, Louisiana

Winnsboro, Louisiana

Produced by National UC Realty. The information contained in this ‘Offering Memorandum,’ hasbeen obtained from sources believed to be reliable. National UC Realty does not doubt itsaccuracy, however, National UC Realty makes no guarantee, representation or warranty aboutthe accuracy contained herein. It is the responsibility of each individual to conduct thoroughdue diligence on any and all information that is passed on about the property to determine it’saccuracy and completeness. Any and all projections, market assumptions and cash flow analysisare used to help determine a potential overview on the property, however there is noguarantee or assurance of these projections, market assumptions and cash flow. Analysis issubject to change with property and market conditions. National UC Realty encourages allpotential interested buyers to seek advice from your tax, financial and legal advisors beforemaking any real estate purchase or transaction.

Michael Zelnik National UC Realty Broker/President [email protected]

Marketed Exclusively by National UC Realty

5401 W. Kennedy Blvd #540 Tampa, FL 33609

NUCRinvestments.com

Page 3: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

Ville Platte, LA Investment Summary

Price:

CAP:

Address:

Parish:

Building Size:

NOI:

$1,299,850

8.00%

804 E Lasalle Street

Evangeline

+/- 3,750 SF

$103,988 ($27.73/SF)

Tenant:

Premises:

Lease Commencement:

Lease Expiration:

Lease Term:

Renewal Options:

Base Rental Rate:

Rent Increases:

Lease Type:

Use:

Property Taxes:

Insurance:

Roof & Structure:

Hulin Health UrgentCare

Freestanding Single Tenant 3,750 SF

June 2019

May 2029

10Years

Four (4) – Five (5) Year Options

$27.73 PSF

1.00% Yr. 2-5/ 1.5% Yr. 6-10

NNN (tenant self manages)

Medical Clinic/Urgent Care

Paid by Tenant

Paid by Tenant

Paid by Tenant

Paid by Tenant

Paid by Tenant

Paid by Tenant

Lease Summary

Guaranty: Hulin Holdco LLC

Existing Hulin Health Locations

1. Southside Urgent Care Lafayette, LA2. Iberia Urgent Care New Iberia, LA3. Vermilion Urgent Care Abbeville, LA4. Iberia Urgent Care II New Iberia, LA5. SouthStar Urgent Care Eunice, LA6. SouthStar Urgent Care Opelousas, LA7. SouthStar Urgent Care Marksville, LA8. SouthStar Urgent Care Ville Platte, LA9. SouthStar Urgent Care Gramercy, LA

HVAC:

Utilities:

Repairs & Maintenance:

Page 4: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

Investment Overview

National UC Realty & Zelnik Realty Ltd. is pleased to present the exclusive listing for a new Urgent Care building operated by Hulin Health located in Ville Platte, Louisiana. The subject property is .81 acres, consists of 3,750 square feet of newly constructed building. The property is subject to a corporately-backed 10 year triple-net (NNN) lease with 1% rental increase for years 2-5 and 1.5% increase for years 6-10. Tenant has 4 (5) yr. options to extend. All option periods will increase by 1.5%annually.Tenant will be responsible for all capital improvements. Capital improvements will be pro-rated over their useful life and paid by Tenant over the remaining lease term.

Tenant SummaryHulin Health was founded in 2011 by a group of Emergency Room professionals with over 40 years of combined experience. Their purpose is to offer high quality non-critical, but urgent medical care to patients as an alternative to long waits in the emergency room at a fraction of the cost. Urgent Care is also a convenient option for patients when they cannot reach their primary physician after office hours or on weekends. All Hulin Health Centers are open 7 days per week 8 to 8 M-F and 9 to 5 Sat and Sunday.

At the end of 2017 Hulin Health and Shore Capital Partners entered into a partnership to expand the Hulin Health brand throughout the state of Louisiana. Shore Capital Partners is a private equity firm who partners with health care entrepreneurs to provide capital to accelerate their expansion . Shore’s most recent success was their partnership with Fast Pace Urgent Care in TN where they provided capital to grow Fast Pace from 7 units to 36 units in 3.5years.

ANNUALIZED OPERATING DATAINITIAL ANNUAL BASE RENT $103,988

RENT ESCALATIONS 1% yrs. 2-5 / 1.5% yrs. 6-10

OPTIONS (4) Five year options

OPTION RENT ESCALATIONS 1.5% Annually all years

Year Per Sq Ft Annual Rent Annual Base Rent

1 $27.73 $103,988

2 $28.01 $105,028

3 $28.29 $106,078

4 $28.57 $107,139

5 $28.86 $108,210

6 $29.29 $109,833

7 $29.73 $111,481

8 $30.17 $113,153

9 $30.63 $114,850

10 $31.09 $116,573

Page 5: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

Key Urgent Care Factors• Urgent Care is a $16 Billion dollar industry with 3.5% annual

growth. *• Expansion plans target rural towns with limited affordable

medical options.• Clinics are located along regional arterials with national big box

retailers and national brand retail mix• Target sites typically have a Walmart and Hospital in the area• Locations with a large percentage of children under 15 are

preferred• There are no competitors in the 7.5 mile projected trade area• Free standing buildings typically generate 6-8 more patients per

day

Offering Summary

*Source: Urgent Care Centers Market Research Report

Location NOI Price

1. Bastrop, LA $108,613 $1,357,663

2. Minden, LA $120,841 $1,579,620

3. Spring Hill, LA $110,026 $1,375,325

4. Winnsboro, LA $110,370 $1,379,625

5. Slidell, LA $123,386 $1,542,325

6. Many, LA $105,719 $1,321,488

Total Summary $678,955 $8,556,046

Page 6: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

Urgent Care Clinics1- New Iberia2- New Iberia II3- Abbeville4- Lafayette5- Eunice6- Opelousas7- Oakdale8- Ville Platte9- Slidell10- Marksville11- Winnsboro12- Minden13- Bastrop14- Springhill15- Farmerville16- Vidalia17- Many

123

4

5 6

7 8

9

10

11

1213

1415

1617

Page 7: SouthStar UrgentCare Ville Platte,Louisiana Now Open · 2019. 8. 22. · Medical Clinic/Urgent Care PaidbyTenant Paid byTenant PaidbyTenant Paid byTenant Paid byTenant Paid byTenant

SiteSacred Heart

High School

Mercy Regional Medical Center