For Sale
$3,065,000

125 Pioneer DrAbilene, TX 79605

High-yield, NNN-leased medical building.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

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 Details for 125 Pioneer Dr

Property type
Retail properties, Medical centers
Square Feet
2,646 SF
Year Built/Renovated
1982/2023
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4508755
Longitude
-99.7786348
125 Pioneer Dr, Abilene, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
125 Pioneer Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message