This exceptional investment opportunity presents a fee-simple, 2,646 square foot urgent care center in Abilene, Texas, boasting a new 20-year absolute triple net (NNN) lease with Total Point Urgent Care, commencing December 1, 2023, and expiring December 1, 2043. The property, located at 125 S Pioneer Dr, Abilene, TX 79605, sits on a 0.79-acre lot with 38 parking spaces and benefits from a prime location on a hard corner intersection near Interstate 20, ensuring excellent visibility and accessibility. Built in 1982 and renovated in 2023, the building features a General Commercial (GC) zoning designation. The lease includes four 5-year renewal options and features 2% annual rental increases, providing consistent income growth. The property's strong financial performance is highlighted by a 7.00% cap rate, a net operating income (NOI) of $214,583, and a price per square foot of $1,158.35. The lease is backed by a corporate guarantee from Elysian Capital, a private equity firm managing $700 million. The surrounding area boasts a robust population of 102,000 residents and 54,000 employees, with an average household income of $67,087, indicating a strong and stable market for healthcare services. This is a truly passive investment opportunity with zero landlord responsibilities and no state income tax. The asking price is $3,065,000.
Property Features for 125 Pioneer Dr
General Information
Property type
Medical centers
Square Feet
2,646 SF
Lot Size
34,412 SF
Building Details
Year Built/Renovated
1982/2023
HighLights
New 20‑year absolute NNN lease with Total Point Urgent Care, including four 5‑year renewal options and 2% annual rent increases.
Fee‑simple ownership with zero landlord responsibilities and no Texas state income tax.
Lease guaranteed by Elysian Capital, a private equity firm managing $700 million.
High‑visibility corner location on S Pioneer Dr. in Abilene, TX, near Interstate 20, with ample parking.
Strong demographics: 102,000 residents and 54,000 employees within the trade area, with an average household income of $67,087.
Medical center - High-yield, NNN-leased medical building.
Where is this medical center located?
The property is located at 125 Pioneer Dr Abilene, TX.
What is the asking price?
The asking price for this property is $3,065,000.
What are key features of this property?
This property features: New 20-year absolute NNN lease with Total Point Urgent Care, including four 5-year renewal options and 2% annual rent increases.; Fee-simple ownership with zero landlord responsibilities and no Texas state income tax.; Lease guaranteed by Elysian Capital, a private equity firm managing $700 million.
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125 Pioneer Dr Abilene, TX 79605
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125 Pioneer Dr, Abilene, TX
Kyle Fant
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