1401 E Broadway St - Freestanding FOR SALE


Altus, OK 73521
$3,235,421 USD
918-527-3646
1401 E Broadway St, Altus, OK for Sale
$3,235,421 USD
Freestanding - FOR SALE
1/3
null | 7.25% Cap Rate

1401 E Broadway St
Altus, OK 73521


HIGHLIGHTS

  • Corporate Tenant with Strong Industry Presence
  • Proven Location Performance & Tenant Commitment
  • Long-Term Passive Lease with Annual Rent Increases
  • Strategically Positioned Along Altus’s Primary Medical Corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,235,421 USD

PRICE/SF

$565 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U.S. Renal Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

UC

APN/PARCEL ID

0065-00-001-001-0-000-00

ASK ABOUT THIS PROPERTY

Rocco DriscollSurmountMore Info
918-527-3646

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Rocco DriscollSurmountMore Info
918-527-3646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.