125 Pioneer Dr Abilene, TX 79605

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.