BuildingBits || Details

South Star Urgent Care

804 E Lasalle Street, Ville Platte, Louisiana

4.4
BB Rating™
8.0%
Projected Cap Rate
Reg A

Funded: 22.56%

$129,000 raised of $571,926

Property Summary

Investment summary:

BuildingBits is proud to offer this newly constructed (2019) SouthStar urgent care, located Ville Platte, Louisiana. This store is backed by a brand new, initial 10-year lease, with four 5-year options to extend, and rental escalations. 

Key features:

►8 locations in Louisiana
►Anticipate an additional 12 locations added in 2019
►2017 Visit growth over 30%

Transaction status:

Pre-Order
Due Diligence
Fully Funded
Pre-Closing
Closed
Fast facts:

Building info:

Projected Cap Rate:
8.0%
BB Rating™:
4.4
Property Type:
Medical
Year Built:
2019
Square Footage:
3,750 SF
Rentable Square Footage:
3,750 SF
Number of Floors:
1
Number of Units:
1
Type of Construction:
Wood Frame
Listing ID:
23

Tenant summary:

•Hulin Health (Broussard, LA) is an urgent care company providing low to moderate acuity healthcare services to patients in Louisiana
•Hulin is backed by Shore Capital Partners, a Chicago-based private equity firm with approximately $600 million under management
•Shore specializes in partnering with strong and growing lower / middle market businesses
•Shore has made 18 platform investments and ~80 add-on investments to date
•Shore’s current and past businesses have 250+ leases and have never missed a rent payment


Map:

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Funded: 22%

$129,000 raised of $571,926

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