Quickvisit Urgent Care 2140 North Hwy 121
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1 QuickVisit Urgent Care 2140 North Hwy 121 REPRESENTATIVE IMAGE Bonham, TX 75418 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: KAVEH EBRAHIMI Lic. # 01896322 310.853.1426 | DIRECT [email protected] 305 Camp Craft Rd, Suite 550 Westlake Hills, TX 78746 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Austin, LLC Lic. # 9004706 BoR: Max Freedman TX Lic. # 644481 SANDS INVESTMENT GROUP 3 TABLE OF CONTENTS 04 06 07 10 12 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Location, Aerial City Overview Tenant Profile Investment Highlights Site Plan & Rent Roll & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Present Exclusively For Sale the 3 , 000 SF QuickVisit Urgent Care Located at 2140 North Hwy 121 in Bonham, TX. This Deal Includes a New Long Term 12 Year Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Secure Investment. OFFERING SUMMARY PRICE $1,465,714 CAP 7.00% NOI $102,600 PRICE PER SF $488.57 GUARANTOR QuickVisit Management, LLC PROPERTY SUMMARY ADDRESS 2140 North Hwy 121 Bonham, TX 75418 COUNTY Fannin BUILDING AREA 3,000 SF LAND AREA 1.00 AC BUILT 2021 BUILDING RENDERINGS QUICKVISIT URGENT CARE 5 HIGHLIGHTS § Long Term 12 Year Triple Net (NNN) Lease With Minimal § Rapidly Expanding With Multiple Clinics That Are Landlord Responsibilities Located Throughout Texas and Iowa § 1.25% Annual Rental Increases With Three 5- Year § Texas is an Income Tax Free State Option Periods § As the 9th Largest Economy Among the Nations of the § Corporate Guarantee From QuickVisit Management, LLC World and Home to 50 Fortune 500 Headquarters, Texas Offers a Business-Friendly Climate With No Corporate Income Tax and No Personal Income Tax, Along With a § Long Term 15- Year Roof Warranty Highly Skilled Workforce, Easy Access to Global Markets, Robust Infrastructure and Predictable Regulations” § Average Household Income of $41,673 Within a 5- Mile Radius § Great Visibility Located Directly On Highway 121 Which Sees Over 11,000 VPD § Medical Essential Business; Open and Operating Throughout Pandemic § Neighboring Tenants Include: Walmart Supercenter, Dollar General, AutoZone, Burger King, Sonic, Dollar § QuickVisit Urgent Care Provides Accessible, Affordable Tree, Taco Bell, Goodwill, Anytime Fitness and More Healthcare For All Ages; They Offer a Broad Range of Services Such as Onsite X- Rays, Health Management, Cold and Flu Treatment, Sutures and Much More *Texas Economic Development: https://gov.texas.gov/business/page/why- texas LEASE SUMMARY 6 TENANT QuickVisit Urgent Care PREMISES A Building Consisting of 3,000 SF DELIVERY DATE June 1, 2021 LEASE COMMENCEMENT No Later Than July 17, 2021 LEASE EXPIRATION 12 Years From Commencement LEASE TERM 12 Years RENEWAL OPTIONS 3 x 5 Years RENT INCREASES 1.25% Annually LEASE TYPE Triple Net (NNN) PERMITTED USE Medical PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF, STRUCTURE & PARKING Landlord’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF 3,000 SF $102,600 $34.20 ACTUALSITE PLAN PROPERTY IMAGE 7 FORT WORTH DALLAS 8 Warrior Express Car Wash Finley-Oates Warrior Stadium Elementary Schoolv 9 N Center St Center N BONHAM | FANNIN COUNTY | TEXAS 10 Bonham is a city and the county seat of Fannin County, Texas. The population was 10,386 at the 2020 census. James Bonham sought the aid of James Fannin (the county's namesake) at the Battle of the Alamo. Bonham is part of the Texoma region in north Texas and south Oklahoma. The city is located 22 miles to Sherman, TX and 60 miles to Dallas, TX. The city is a typical small Texas town on the southern extension of the Great Plains. Proximity to the Dallas–Fort Worth metroplex, a central U.S. location, and the availability of a good labor force have allowed Bonham to grow into a Mid-sized manufacturing and industrial center with favorable prospects for future economic development. Due to the city’s close proximity, Sherman’s economy affects Bonham’s. MaJor freight terminals and Greyhound Lines, Inc. both operate in the area. The BNSF industrial rail spur serves the industrial park. Private air service is available at the North Texas Regional Airport with its 9,000 foot runway, and at the Sherman Municipal Airport. Due to area’s convenient location, excellent transportation options and abundant water supply, more than 30 manufacturers have selected Sherman as the site for one of their plants. The City's impressive industrial base includes manufacturing facilities of maJor national firms that produce electronic components, food products, pvc products, lumber, railroad components, precision valves, electricity, and many other products. Some of the maJor employers of the City are: Tyson Fresh Meats, Sherman ISD, Texas Instruments Inc, Wilson N. Jones Regional Medical Center, Grayson County, Wal-Mart/Sam's, City of Sherman, Emerson, Eaton B-Line and Alorica. Bonham is home to the Fannin County Museum of History which is a museum all about the county’s history. The city is also home to the Bonham state park where families love to go on walks and have picnics. The city is less than a 25 minute drive to Sherman. Sherman has a richly diverse history, and is ten miles south of Lake Texoma, one of the largest reservoirs in the state of Texas and is well-known for its champion bass fishing, sailing, camping and hiking. In July 2019, Business Facilities’ 2019 Metro Rankings Report ranked Sherman, TX as one of the Top 10 Cities with the Lowest Cost of Living. DOWNTOWN BONHAM, TX BONHAM STATE PARK DALLAS, TX (10,751 VPD) 11 zZ N Center St (6,673 VPD) (6,673 St Center N (11,017 VPD) (11,017 3 MILES 5 MILES 10 MILES POPULATION 11,480 14,706 20,793 AVERAGE HH $53,382 $41,673 $46,898 INCOME QUICKVISIT URGENT CARE 12 TENANT PROFILE QuickVisit Urgent Care is a walk-in urgent and primary care provider specializing in family medicine. It provides accessible and affordable healthcare for all ages. It offers a broad range of services such as onsite x-ray, health management, cold and flu treatment, sutures, and much more. It operates as a multi-specialty business group with one or more individual providers who practice different areas of specialization. It is open seven days a week with no appointment required. Healthy workers ensure a thriving workplace. At QuickVisit Urgent Care, they are equipped to handle anything from pre-employment drug screens to on-the-job injuries. One can walk into QuickVisit Urgent Care for rapid treatment. They also accept most major insurances at QuickVisit Urgent Care. It offers both diagnostic and antibody tests for the novel coronavirus disease, COVID-19. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE Private 2020 11 Henderson, TX quickvisiturgentcare.com SANDS INVESTMENT GROUP 13 CONFIDENTIALITY AGREEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.