Surgical Ambulatory Regional Centers
KELLER, TX
SARC’s mission and business strategy is to provide better, more consistent, comprehensive care solutions by vertically integrating urgent care facilities with ancillary services and new technologies. The intended outcome is to provide a broader continuum of patient care at a lower cost and generate significantly higher operating margins.
Property Information
- Tenant: Surgical Ambulatory Regional Centers
- Location: 1220 Keller Parkway, Keller, TX
- Property Type: Freestanding, Medical
- Building Size: 10,260 SF
- Purchase Price: $17,640,000
- Cap Rate: 6.00%
Keller, Texas
Named to CNN/Money Magazine’s biennial listing of “Top 100 Places to Live.” This Texas suburb has been growing right alongside the rest of the urban area and currently has a population of approximately 48,212. The public schools in Keller are highly ranked and are an important part of the community. Keller has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 41.5%, which is higher than the US average of 33.5%
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
Lease Information
- Lease Guarantor: Healthcare Solutions Management Group
- Initial Lease Term: 20 Years
- Rent Increases: 2% increases every year
- Renewal Options: Two 5-year options
- 20 Yr. Avg. Return: 7.255%
