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U.S. Renal Care 1401 E Broadway St 5,725 SF Retail Building Altus, OK 73521 $3,235,421 ($565.14/SF) 7.25% Cap Rate
Investment Highlights
- Corporate Tenant with Strong Industry Presence
- Long-Term Passive Lease with Annual Rent Increases
- Proven Location Performance & Tenant Commitment
- Strategically Positioned Along Altus’s Primary Medical Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a U.S. Renal Care at 1401 East Broadway Street, Altus, OK. The site consists of roughly 5,725 rentable square feet of building space on an estimated .91-acres. The property is subject to a 20-year Double Net (NN) lease, which commenced in 2014. The current annual rent is $234,568 and has scheduled increases of 2.50% Annually.
The subject dialysis property is open 6 days per week, signaling very strong performance, and has served this high demand market for over a decade. Altus, OK is anchored by Altus Airforce Base’s +10k person military community including active members, veterans, dependents, and civilian employees. Veterans experience kidney disease at a much higher rate than the general population, with roughly 1 in 6 affected versus 1 in 10 U.S. adults. With a concentrated veteran population and no other dialysis center within 50 miles, this dialysis facility has benefited as the region’s primary dialysis center for more than a decade. The county has an 8.2% diabetes prevalence rate and a per capita healthcare spending of $7,293.
The property is strategically positioned within Altus’s main healthcare corridor, adjacent to Jackson County Memorial Hospital (49 Beds). This represents an opportunity to acquire a strategically placed asset, benefitting from a stable, high demand driven, recessionary resistant, and largely federally backed patient base of veterans, TRICARE beneficiaries, and military families comprising +25% of the patient base.
The subject dialysis property is open 6 days per week, signaling very strong performance, and has served this high demand market for over a decade. Altus, OK is anchored by Altus Airforce Base’s +10k person military community including active members, veterans, dependents, and civilian employees. Veterans experience kidney disease at a much higher rate than the general population, with roughly 1 in 6 affected versus 1 in 10 U.S. adults. With a concentrated veteran population and no other dialysis center within 50 miles, this dialysis facility has benefited as the region’s primary dialysis center for more than a decade. The county has an 8.2% diabetes prevalence rate and a per capita healthcare spending of $7,293.
The property is strategically positioned within Altus’s main healthcare corridor, adjacent to Jackson County Memorial Hospital (49 Beds). This represents an opportunity to acquire a strategically placed asset, benefitting from a stable, high demand driven, recessionary resistant, and largely federally backed patient base of veterans, TRICARE beneficiaries, and military families comprising +25% of the patient base.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,725 SF
Building Class
B
Year Built
2014
Price
$3,235,421
Price Per SF
$565.14
Cap Rate
7.25%
NOI
$234,568
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.91 AC
Zoning
UC
Frontage
133’ on East Broadway Street
Amenities
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 0065-00-001-001-0-000-00 | Improvements Assessment | $151,227 |
| Land Assessment | $18,043 | Total Assessment | $169,270 |
Property Taxes
Parcel Number
0065-00-001-001-0-000-00
Land Assessment
$18,043
Improvements Assessment
$151,227
Total Assessment
$169,270
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U.S. Renal Care | 1401 E Broadway St
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