January 12, 2024 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Access Urgent Care in Bixby, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,347,820.
Access Urgent Care is located 11717 S Memorial Drive in Bixby, Texas. Access Urgent Care has been at this location since 2008, and recently exercised their renewal option demonstrating their commitment to the site and the market. Access Urgent Care has 3+ years remaining on their Triple Net (NNN) Lease with two (2), 5-year renewal options. The lease features attractive 2% annual rent increases throughout both the primary term and the option periods providing the investor with an attractive increase in revenue and a hedge against inflation. The Property is located along Memorial Drive (US Route 64), the area’s primary commercial corridor. The Property benefits from outstanding visibility and frontage and is surrounded by national retailers that drive traffic to the area, and densely developed residential neighborhoods that provide a built-in customer base. Additionally, the Property is close to several area schools including Tulsa Community College. Bixby is approximately 15-miles southeast of Tulsa’s Central Business District.
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.