1970 W Laurel Ave
Eunice, LA 70535
STNL New Urgent Care 7.5% CAP w/Guarantee · Retail Property For Sale

-Here is a first look at a new 3,750 SF medical investment opportunity currently under construction in Eunice Louisiana in the highly sought after health care industry. This state of the art facility will fill the need for quality healthcare in this area. -Eunice Urgent Care is positioned in the center of activity close to Walmart, McDonalds, Wendy’s, Burger King and other major retail brands that service St. Landry Parish. This new urgent care will be open for business upon building completion in August/September time frame. -Expanding on their successful locations in Abbeville, Lafayette and New Iberia, this well recognized brand; Hulin Health has teamed with Shore Capital to fund the expansion of their operations throughout Louisiana while preserving the cash flow of the company. -Urgent Care is the fastest growing segment in the health care industry and fills the need in underserved markets throughout the country. -This new 3,750 SF building comes with a 10 year NNN lease with annual increases, offering a 7.5% capitalization rate in the first year and increasing to a return of 8.4% in the 10th year. There are 4 (5yr) options to renew. Investment Review: Purchase Price: $1,300,000 NOI: $97,500 (Base rent $26/SF) Increases: Annual rent increases of 1% year 2-5 & 1.5% year 6-10 Lease Term: 10-year base term with 4 (5yr) options to renew CAP Rate: 7.5%