Brushy Creek Family Hospital

  • $14.3M
230 Deer Ridge Dr, Round Rock, TX 78681, USA

Brushy Creek Family Hospital

230 Deer Ridge Dr, Round Rock, TX 78681, USA
  • $14.3M

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Title Property Type Price Beds Baths Property Size Availability Date
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Description

Marketing Description
The subject property is ideally situated with excellent visibility and access at the northwest corner of North F.M. 620 Road (35,000 AADT) and Deer Ridge Road, just between O’Connor Road (15,710 AADT) to the North and Great Oaks Drive to the South. The site is located just under two miles from State Highway 45 (62,633 AADT). The site benefits from robust demographics with a population of 225,197 and an annual growth rate of 2.13% within five miles of the site and average household income of $132,188 within a one-mile radius. 39% of the population within one mile of the site is under the age of 18, one of the most common age groups in need of emergency medical treatment. The area additionally benefits from robust educational attainment, with approximately 58.4% of the population within one mile of the site has earned a bachelor’s degree or higher.
The property benefits from a prominent retail location adjacent to major shopping centers, medical facilities, and more. The property is fewer than three miles from the La Frontera mixed-use development, containing more than one million square feet of retail and office space, with major tenants including Walmart Supercenter, Target, Sam’s Club, and wall Greens, along with the offices of Dell, which employs more than 13,000 within the city. In addition, the property is located approximately one mile from St. David’s Hospital Round Rock, where average ER wait times exceed 90 minutes.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Investment Highlights
20-Year Absolute NNN Lease to Growing Freestanding Micro-Hospital Operator with Rare 2% Annual Rent Escalations
Brand New High-Quality 2019 Construction
Substantial Tenant Investment in Facilities in Fit Out, Including Onsite Laboratory, Two Surgical Rooms, and Full Radiology Suite
Excellent Visibility and Access at North F.M. 620 Road Junction – Combined AADT of 50,710
The population of 225,197 with Annual Growth Rate of 2.13% within Five Miles of Site
Approximately 2.5 Miles from Dell Headquarters – Staff of 13,000+

Details

Updated on March 28, 2020 at 9:11 pm
  • Property ID: 29828
  • Price: $14.3M
  • Property Size: 12747 sqft
  • Year Built: 2019
  • Property Type: Health Care / Medical
  • Property Status: For Sale
  • Price Per/Sf: 1,125.60
  • Lot Size (acres): 1.285
  • Tenancy: Single
  • Cap Rate: 5.75%
  • Net Operating Income: 825,000

Additional details

  • Property Type: Medical Office
  • Lease Type: Absolute NNN
  • Lease Term: 20 years
  • Lease Commencement: 11/01/2019
  • Rent Commencement: 11/01/2019
  • Lease Expiration: 10/31/2039
  • Remaining Term: 19.6 years
  • Rent Bumps: 2% Annually
  • Broker Co-Op: Yes
  • Lease Options: 3 @ 5 years
  • Address 230 Deer Ridge Dr, Round Rock, TX 78681, USA
  • City Round Rock
  • State/county Texas
  • Zip/Postal Code 78681
  • Country United States

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Contact Information

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Putnam Daily
  • Putnam Daily
  • (415) 445-5107

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