125 Pioneer DrAbilene, TX 79605

Property Details for 125 Pioneer Dr

Year built

1982

Lot size

0.79 AC

Property size (Sq ft)

2,646 SF

Property type

Other commercial real estate

APN

21950000201

APU

21950000201

Description

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.

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4507

Longitude

-99.7786

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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