Exceptional ER

Purchase Price:

$4,335,000

Lease Type:

Triple Net (NNN)

Occupancy:

100%

Lot Size:

.58 Acres

Building Size:

5,030 SF

Year Built:

2016

Primehealth acquired Exceptional Emergency Center, located at 4337 50th St, Lubbock, TX, for $4,335,000. Lubbock is one of the largest cities in Texas, with transportation infrastructure that converges in Lubbock to establish it as a “Hub City.” The city is home to the Lubbock Preston Smith International Airport, which provides major carrier services across the country and around the world.

The property is ideally positioned on a hard corner lot at the intersection of 50th St and Quaker Ave, with direct exposure to 60k+ vehicles per day. The retail corridor surrounding the property features a variety of nationally recognized retailers and is located one mile from a super-regional, 1.2 million-square-foot shopping mall that serves an estimated market of 500K+ people.

In 2016, the 5,030-square-foot medical facility was built-to-suit specifically for emergency center use. The current tenant, the NEC Lubbock Emergency Center, LP, is a leading provider of emergency care across Texas.

In 2022, Primehealth sold Exceptional Emergency Center for $7,200,000.