February 10, 2020 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of SouthStar Urgent Care in Springhill, Louisiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,375,325.
SouthStar Urgent Care is located at 1920 South Arkansas Street in Springhill, Louisiana. The property features a 3,750 square foot new construction medical building on a 0.75 acre lot. The building was built for and is 100% leased to SouthStar Urgent Care on a brand new 10-year triple net (NNN) lease. The lease calls for 1.0% annual rent increases for years 2 through 5 and 1.5% annual rent increases for years 6 through 10. Additionally, the lease has four, 5-year renewal options with 1.5% annual rent increases. The property is extremely well located along Route 371 (South Arkansas Street); it is an outparcel to a Walmart and is surrounded by numerous national retailers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.