May 23, 2022 – Hobart Hare and Matt Nadler of Horvath & Tremblay have successfully completed the sale of SouthStar Urgent Care in Springhill, Louisiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,828,387.
SouthStar Urgent Care is located at 1920 South Arkansas Street in Springhill, Louisiana. The Property features a 3,750 square foot medical building constructed in 2019. The building was built for and is 100% leased to SouthStar Urgent Care and has 7-years remaining on a 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. SouthStar Urgent Care is strategically located on an outparcel to a Walmart Supercenter along South Arkansas Street (US Route 371), the primary commercial throughfare in Springhill. The Property is situated on a 0.93-acre lot, with excellent visibility and frontage. Other notable retailers serving the area include Tractor Supply Company, Murphy USA, O’Reilly Auto Parts, McDonald’s, Taco Bell, Sonic, Pizza Hut, and Piggly Wiggly.
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.