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2100 E Madison Ave

Bastrop, LA 71220

$1,357,663

Freestanding For Sale  •  3,750 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 3,750 Sq Ft
  • Building Class B
  • Year Built 2019
  • Cap Rate 8.00 %
  • Zoning Commercial
0 Transit Score
46 Walk Score

Description

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a single-tenant retail building located at 2100 East Madison Avenue in Bastrop, LA. The 3,750 square foot new construction building is leased to Hulin Health on a brand new corporate guaranteed 10-year lease. This property is located along the major thoroughfare Madison Avenue at the center of the major retail corridor in Bastrop. The tenant has experienced tremendous success and has expansion plans of doubling their locations to 19 by December 31st, 2019. Hulin Health has realized annual visit growth of 35%. Hulin Health prides itself on having never missed a rent payment.

Highlights

New construction single-tenant Urgent Care facility with projected opening of June 1, 2019
New 10-year lease with a corporate guarantee from Hulin Holdco LLC
Tenant is rapidly expanding
Prime location in the heart of Bastrop’s major retail corridor
Ideal location for an urgent care facility with limited competition in surrounding area

Financial Summary (Actual)

Net Operating Income: $108,613 (2018)
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Hulin Health 3,750 SF 5/31/2029

Public Transportation

AirportDriveWalkDistance
Monroe Regional Airport 36 min - 27.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc.
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc.