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OFFERING MEMORANDUM
URGENT CARE 863 TUNICA DRIVE EAST
MARKSVILLE, LA 71351
Absolute NNN7.25% Cap Rate*$1,482,067INVESTMENT CONTACTS:
Kevin CalamePrincipal720.738.1939
Jack ShermanAdvisor720.738.1942
INVESTMENT CONTACTS:
Kevin Calame Principal 720.738.1939 [email protected]
Jack Sherman Advisor 720.738.1942 [email protected]
Matt Lewallen Principal 720.738.1940 [email protected]
Kaila Dee Operations Manager 720.738.1948 [email protected]
Dan Hawthorne Advisor 720.738.1941 [email protected]
1720 S Bellaire St. Suite 701 Denver, CO 80222 720.738.1949 • aqyre.com
� INVESTMENT OVERVIEW
� FINANCIAL SUMMARY
� TENANT OVERVIEW
� AREA OVERVIEW
� AERIAL
INVESTMENT OVERVIEW
AQYRE Real Estate Advisors is pleased to announce we have been retained as the exclusive marketing advisor for this SouthStar Urgent Care located in Marksville, LA. Qualified investors have the opportunity to acquire this 3,750 square-foot Urgent Care.
INVESTMENT HIGHLIGHTS• Absolute NNN Lease• 8.5 years left on lease• 1% annual rent escalations up until 2023• 1.5% annual rent escalations from 2024-2028
OFFERING SPECIFICATIONS
Address 863 Tunica Drive East
Tenant SouthStar Urgent Care
Building Size 3,750 SF
Lot Size 39,204 SF (.9 Acres)
Price $1,482,067
Cap Rate* 7.25% *
NOI $107,450
Year Built 2018
* As of 6/29/2020 when rent increases
SUMMARY
Net Operating Income $107,450
Rent/Month $8,954
Rent/SF $28
Rentable Square Feet 3,750
Tenant SouthStar Urgent Care
Guarantor Hulin Health, LLC
Lease Type NNN
Landlord Responsibility No Landlord Responsibility
Lease Term Remaining 8.5 Years Remaining
Rent Commencement June 29, 2018
Lease Expiration June 29, 2028
Increases 1% annually until 20231.5% annually from 2024-2028
Options
Years 11-15 at 1.5% increases annually Years 16-20 at 1.5% increases annually Years 21-25 at 1.5% increases annually Years 26-30 at 1.5% increases annually
FINANCIAL SUMMARYUrgent Care I NNN OfferingMarksville, LA 71351
INVESTMENT SUMMARY
Price $1,482,067
Price/SF $395
Cap Rate* 7.25%
TENANT OVERVIEW
ABOUT SOUTHSTAR UREGENT CARE AND HULIN HEALTH:
Their signature brand, SouthStar Urgent Care, is known primarily for its nationally recognized, award-winning customer service. With a focus on patient care and team culture the SouthStar Urgent Care team is changing the way healthcare is delivered. SouthStar Urgent Care is a product of hard work, unmatched customer service, and sincere passion for changing the way health care is delivered, one community at a time. Their clinics offer non-critical, but urgent medical care to patients as an alternative to long waits in the emergency room or when they cannot reach their primary physician after office hours or on weekends. Available clinic services range from treating allergies to onsite X-rays, flu symptoms to stitches, or simply a general sports physical for school. Clinics are open seven days a week and welcome all ages for treatment. Hulin Health currently has 20 SouthStar Urgent Care locations situated within the state of Louisiana.
ABOUT SHORE CAPITAL PARTNERS:
In April of 2018, Shore Capital Partners, a Chicago-based private equity firm focused on the healthcare industry was pleased to announce an investment in Hulin Health, LLC. Founded in 2011, Hulin is a leading provider of urgent care services in Louisiana and the broader Gulf Coast region.Shore Capital Partners (“Shore”) is a healthcare and food & beverage-focused lower middle market private equity firm that specializes in partnering with companies that have between $5 and $100 million of revenue. Shore is focused on making control equity investments within the healthcare services, products and distribution markets, and in food & beverage manufacturing, distribution, packaging, and related B2B service companies. Utilizing a proactive, research-led investment process, our approach is to support entrepreneurs with capital, business development expertise, and industry knowledge. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation.
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HEALTHCAREINDUSTRY
20LOCATIONS
1. AREA OVERVIEW
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POPULATION 5,405
AREA OVERVIEW
MARKSVILLE, LOUISIANA
Marksville is a city within Avoyelles Parish in central Louisiana and is actually home to Louisiana’s first land-based casino, Paragon Casino Resort, which opened in the summer of 1994. The city has a total area of 4.1 square miles and a population of 5,405 people. There are 2,198 homes with a median age and income of 37 years and $25,681 respectively.
This SouthStar Urgent Care location sits on the busiest road in Marksville, Tunica Drive, also known as Hwy 1. It’s just down the road from Paragon Casino Resort and next door from a retail strip center in town.
HOUSEHOLDS 2,198
AVERAGE HH INCOME $25,681
863 Tunica Drive East
AERIAL
DISCLOSURE AND CONFIDENTIALITY AGREEMENT
This confidential Offering Memorandum, has been prepared by AQYRE Real Estate Advisors, LLC (AQYRE Real Estate Advisors) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. AQYRE Real Estate Advisors recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as 863 Tunica Drive East, Marksville, LA 71351 (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided by AQYRE Real Estate Advisors or its brokers.
AQYRE Real Estate Advisors makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. AQYRE Real Estate Advisors has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the AQYRE Real Estate Advisors and the Owner of the Property. AQYRE Real Estate Advisors makes no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum is not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, AQYRE Real Estate Advisors and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, AQYRE Real Estate Advisors and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. AQYRE Real Estate Advisors shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of AQYRE Real Estate Advisors. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to AQYRE Real Estate Advisors at your earliest convenience.
INVESTMENT CONTACTS:
Kevin Calame Principal 720.738.1939 [email protected]
Jack Sherman Advisor 720.738.1942 [email protected]
Matt Lewallen Principal 720.738.1940 [email protected]
Kaila Dee Operations Manager 720.738.1948 [email protected]
Dan Hawthorne Advisor 720.738.1941 [email protected]
1720 S Bellaire St. Suite 701 Denver, CO 80222 720.738.1949 • aqyre.com
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