This 24,050 SF facility houses multiple clinical practices and a state of the art surgery center. Originally built as a community hospital, this facility houses both the Arkansas Cancer Institute and the Vascular and Cardiac Institute. The facility is master leased by Advance Care Medical and was upgraded to a Surgery Center in 2020.

LEASE TERMS

  • Income stream: 6.25%

  • 6.25% returns

  • 20-year absolute NNN leases

  • Operating expenses and utilities are all
    paid by the tenant

  • Insurance paid by the tenant

  • Repairs and maintenance paid by
    the tenant

  • Capital Improvement CAM for ongoing property improvements by the tenant and held by the lease administrator

  • 2% annual increases

  • New construction

  • Leases guaranteed by a publicly-traded company with $98mm net worth 

  • Leases bonded by a Lloyds of London backed insurance policy

Advance Care Medical

7200 South Hazel St.

Pine Bluff, AR

  • Property Type: Freestanding, Medical, Hospital

  • 24,050 square feet

  • 116 Rooms

  • Purchase Price: $13,108,192

  • 6.25% Cap rate

THE TENANT

Advance Care Medical

Advance Care’s mission and business strategy is to provide better, more consistent and comprehensive care and solutions by vertically integrating urgent care facilities with ancillary services and new technologies. The intended outcome will be to provide a broader continuum of patient care at a lower cost and generate significantly higher operating margins.

  • Largest Network: Development of 350 Comprehensive Care Centers™ will create the largest branded system in the country. 
     

  • Significant Margins: By vertically integrating, we will capture revenue and margins that have historically been “lost” in the channel to sales, marketing, and third-party providers. This will result in significantly enhanced operating margins. 
     

  • Building a Brand: A key element to our strategy is to acquire reputable family practices to establish ourselves in each community we target. Clusters of facilities will provide better access and more consistent care to patients in our system. 
     

  • New Technologies: We intend to use new technologies and more comprehensive diagnostic capabilities to improve patient care and access and to give our medical teams more tools to provide superior care. 

BACKED BY STRENGTH

Healthcare Solutions Holdings, Inc. “HSI” is a publicly-traded medical service and device company focused on providing clinicians with state-of-the-art diagnostic and therapeutic tools. HSI’s mission is to provide clinicians with broader access to the most advanced technologies in the Healthcare Industry. Technology proliferation drives progressive methods of testing patients, leading to superior patient outcomes. HSI not only helps physicians deliver better healthcare but also assists them in remaining compliant with industry best practices.

HSI, a publicly-traded company with a $98mm balance sheet, is the corporate guarantor of the Advance Care Medical leases. This, coupled with the bonded lease and experience of the tenant, contributes to the safety, security, and stability of these assets. 

LOCATION OVERVIEW

SPine Bluff, AR lies near the Arkansas River on the boundary of two of Arkansas's geographical regions and has a population of more than 45,000 people. To the west and southwest stretch the rolling woodlands of the West Gulf Coastal Plain and to the east and southeast, the terrain settles into the flat and largely agricultural expanse of the Delta. Pine Bluff, AR lies near the Arkansas River on the boundary of two of Arkansas's geographical regions and has a population of more than 45,000 people. To the west and southwest stretch the rolling woodlands of the West Gulf Coastal Plain and to the east and southeast, the terrain settles into the flat and largely agricultural expanse of the Delta.

Annual visitors to Greenville County are estimated at over 5 million. Visitors to Greenville County provide over $1.3 BILLION in visitor expenditures and $74.7 million in state and local taxes. These travel expenditures benefit area residents with $273 million in wages and salaries and 10,600 jobs. 

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2100 PLEASANT GROVE BLVD, SUITE 200, Pleasant Grove, UT 801-899-1943  CONTACT@MILLCREEKCOMMERCIAL.COM

PRIVACY POLICY

SAFETY | SECURITY | STABILITY

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