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.