May 24, 2023 – Brad Canova and Adam Siegel of Horvath & Tremblay have successfully completed the sale of Access Health Urgent Care in Lockhart, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,265,625.
Access Health Urgent Care is located 1701 S Colorado Street in Lockhart, Texas. The new construction stand-alone building consists of 3,003 square feet and sits on 1.015-acres of land. Access Health Urgent Care has 14+ years remaining on their Absolute NNN Lease with five (5), 5-Year renewal options. The lease features attractive 1% annual rent increases in years 3-10 and 1.25% annual rent increases for years 11-15. The renewal options call for annual increases based on the lesser of the change in the CPI or 2%. Access Health Urgent Care is strategically positioned along S Colorado Street (US Route 183), the area’s primary commercial and commuter corridor. The Property is surrounded by the area’s national retailers and enjoys convenient access to the area schools. The Property is more than 20 miles from the nearest hospital, filling a need for Urgent Care facilities in the immediate area.
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.