CS1031 Ashland MOB, DST
Location: 300 North Washington Highway, Ashland, VA 23005
Starting Distribution Rate: 5.25%
Equity Raise: $2,622,000
- Three 5-year renewal options
- Rental Increases: 1.5% annual
 Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors.
300 North Washington Highway, Ashland, VA
Single-story, approximately 5,100-square-foot medical office building. Situated on approximately 0.715 acres of land and 22 parking spots
INVESTMENT HIGHLIGHTS
Long-Term Lease: There are 13.5 years remaining on the absolute triple net lease, with annual rent escalations of 1.5% and three five-year renewal options. Under the absolute triple net lease, the tenant is responsible for all operating expenses, taxes, insurance, maintenance and repairs.
Lease Guaranty: The lease is guaranteed by five practice physician/owners with a combined net worth of approximately $19.4 million.
New Building: The building was built to suit for BetterMed Urgent Care in 2016.
Respected Tenant: A recipient of the Certified Urgent Care designation from the Urgent Care Association of America, BetterMed provides premium care at impressive speed. The company has six locations in greater Richmond, Virginia.
Necessity Medical Property: Medical real estate has proven to be a stable asset class, with health care expenditures expected to reach 19.7 percent of GDP by 2026.1
PROPERTY DETAILS
- Single-story, approximately 5,100-square-foot medical office building
- Situated on approximately 0.715 acres of land
- 22 parking spots
Key to BetterMed:
Patient Convenience – patients are generally in and out within 45 minutes with medications in-hand and all testing and imaging done, compared to over
four hours in an emergency room
Low Cost Option – urgent care is a low cost option compared to hospital or emergency room care
Randolph Macon College – nearby college drives additional patients to BetterMed
A B O U T B E T T E R M E D U R G E N T C A R E
Founded by experienced board-certified emergency physicians, BetterMed Urgent Care offers a fast and convenient option for medical care with extended hours 365 days of the year. BetterMed fills the gap between primary care and hospital emergency rooms. The company offers medical care for patients of all ages and treats a variety of symptoms, including flu, sore throats, cuts, abdominal pain, sports injuries and more. Laboratory tests and X-rays are available on-site. BetterMed Urgent Care has the Certified Urgent Care designation from the Urgent Care Association of America. The company leverages its relationships with local hospitals, employers and the local college (Randolph-Macon College approximately one mile away).
ABOUT CAPITAL SQUARE
Capital Square 1031, LLC specializes in the creation and management of real estate investment programs for Section 1031 exchange investors and other investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive offi cer of Capital Square, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DSTs, tenant-in-common offerings, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.