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125 Pioneer Dr Abilene, TX 79605

For Sale
$3,065,000

High-yield, NNN-leased medical building.

Property size:
2,646 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Medical centers

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Abilene
County
Taylor
State
Texas
Longitude
-99.7786348
Latitude
32.4508755

FAQs

What type of property is this?
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.
More about this property
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