eunice, la clinic new construction opened september 2018 · subject to a corporately -backed 10...
TRANSCRIPT
Eunice, LA ClinicNew Construction
Opened September 20184 Additional Locations
Coming Soon!
Investment Summary
Investment/Tenant Overview
Key Urgent Care Factors
Operation location Map
Eunice, LA location Coming September 2018
Additional Locations Coming SoonMarksvilleVilla Platte
OakdaleBastrop
Produced by National UC Realty. The information contained in this ‘Offering Memorandum,’has been 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 ZelnikBroker
Marketed Exclusively by National UC Realty
National UC Realty5401 W. Kennedy Blvd #540Tampa, FL 33609
Ohio Office8740 Orion Place STE 200Columbus, OH 43240
NUCRinvestments.com
In co-operation with Derek Development, Licensed in LouisianaRealtors are owner agents.
Carol Zelnik
Mark Zelnik
Lease Summary
Annual Rent Summary
Portfolio Summary
Retail Market Area
Eunice, LA Investment Summary
Price
CAP
Address
Parish
Building Size
NOI
Guaranty Hulin Holdco LLC.
$1,218,750
8.00%
1970 W Laurel Ave.Eunice, LA 70535
St. Landry Parish
+/- 3,750 SF
$97,500 ($26/SF)
Tenant
Premises
Lease Commencement
Lease Expiration
Lease Term
Renewal Options
Base Rental Rate
Rent Increases
Lease Type
Use
Property Taxes
Insurance
Roof & Structure
Repairs & Maintenance
HVAC
Utilities
Hulin Health Urgent Care
Single Tenant 3,750 SF
September 2018
August 2028
10 Years
Four (4) – Five (5) Year Options
26.00 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
Tenant Pays Pro-Rata Share Over Useful Life
Paid by Tenant
Paid by Tenant
Paid by Tenant
Lease Summary
Existing/Future Hulin Health Locations
1. Eunice Urgent Care - Lafayette, LA
2. Marksville Urgent Care - New Iberia, LA
3. Oakville Urgent Care - Abbeville, LA
4. Ville Platte Urgent Care – Ville Platte, LA
5. Bastrop Urgent Care – Bastrop, LA
Investment Overview
National UC Realty is pleased to present the exclusive listing for new Urgent Care building operated by Hulin Health located in Eunice, Louisiana. The subject property consists of 3,750 square feet of newly constructed building space. 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. All option periods will increase by 1.5% annually. Tenant has 4 (5) yr. options to extend. Tenant will be responsible for all capital improvements. Capital improvements will be pro-rated over their useful life and paid 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 3.5 years.
ANNUALIZED OPERATING DATA
INITIAL ANNUAL BASE RENT $97,500
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 $ 26.00 $ 97,500
2 $ 26.26 $ 98,475
3 $ 26.52 $ 99,460
4 $ 26.79 $ 100,454
5 $ 27.06 $ 101,459
6 $ 27.46 $ 102,981
7 $ 27.87 $ 104,525
8 $ 28.29 $ 106,093
9 $ 28.72 $ 107,685
10 $ 29.15 $ 109,300
Key Urgent Care Factors
• Urgent Care is a $16 Billion dollar industry with 3.5% annual growth. *
• Expansion plans target rural towns with limited medical services
• 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
• The population in Eunice is 62% greater than national median
• Locations with a large percentage of children under 15 are preferred
• The Eunice site exceeds national norm for children under 15 by 22%
• The median age in Eunice is 35 vs. the national median of 41
• 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
Portfolio Summary
Location NOI Price CAP Rate
1. Eunice, LA $97,500 $1,218,750 8.00%
2. Marksville, LA $106,386 $1,329,825 8.00%
3. Villa Platt, LA $103,988 $1,299,050 8.00%
4. Oakdale, LA $99,712 $1,246,400 8.00%
5. Bastrop, LA $108,613 $1,357,662 8.00%
TOTAL SUMMARY $516,199 $6,451,687 8.00%
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Eunice Urgent Care
Simulated Logo | Location Approximate
New IberiaUrgent Care
South SideUrgentCare
AbbevilleUrgentCare
OpelousasUrgent Care
(coming soon)
New Iberia IIUrgent Care
Location Map
WorldMinistries
W Laurel Ave, Eunice LA Aerial
Locations Approximate | Subject to Change
Exterior Site Plan
Simulated Logo
Interior Building Layout
Simulated Logo