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Single-Tenant Office Medical

KPC Long Term Acute Care Hospital | Texas | 15 Year Absolute Net Lease w/ 2% Annual Increases

1540 Research St, Amarillo (Texas Panhandle), TX 79106

Listing Price: $29,000,000

Cap Rate
6.75%
Tenant Name
KPC
Years Remaining On Lease
15.2
Gross SF
49,959
Guarantor
Corporate Guarantee
Rentable SF
49,959
Price/Gross SF
$580.48
Lease Type
Absolute Net
Rent Per Square Feet
$39.16

Investment Overview

Amarillo is considered the regional economic center for the Texas Panhandle, as well as Eastern New Mexico and the Oklahoma Panhandle. The meat packing industry is a major employer in Amarillo; about one-quarter of the United States' beef supply is processed in the area. The city is also the location of headquarters for the Texas Cattle Feeders Association. Petroleum extraction is also a major industry. The helium industry has decreased in significance since the federal government privatized local operations in the late 1990s. Bell Helicopter Textron opened a helicopter assembly plant near the city's international airport in 1999.[64] The city's largest employer in 2005 was Tyson Foods, with 3,700 employees. The Amarillo Independent School District was next with 3,659 employees followed by Pantex, Baptist St. Anthony's Health Care System, City of Amarillo, Northwest Texas Healthcare System, Amarillo College, Wal-mart, and United Supermarkets. Other major employers include Bell Helicopter Textron, Owens-Corning, Amarillo National Bank and ASARCO.

Investment Highlights

  • 15 Year Absolute Net Lease w/ 2% Annual Increases. Class A, 49,959 SF Newly Constructed Post-Acute Healthcare Facility - Outstanding Construction Quality and Design, ˜943 Sq. Ft. Per Bed, Extensive Co
  • Located within The Amarillo Medical Center Park, within Close Proximity to Several Major Regional Hospitals & Medical Centers, Providing a Consistent Source of Acute Referrals to an Incoming Investor.
  • Amarillo has some of The Nation's Finest Health Care Facilities. From The Don And Sybil Harrington Cancer Center to a Regional Veterans Administration Hospital, these Facilities Serve Amarillo, The Pa
  • Strategically Located within the Primary Medical District - Short Distance from Northwest Texas Healthcare system, BSA Hospital, and TTUHC Pediatrics - Texas Tech University Health Sciences Center.
  • KPC Promise Hospital ("KPC") A KPC Group Subsidiary, is an Industry Leader in Long-Term Acute Care Hospitals (LTACH). The KPC Group is a Global Leader in Healthcare, Pharmaceuticals, Education, Engineering and Real Estate.
  • The KPC Group, has Amassed Over $10 Billion in Assets, Including Hospitals, Clinics, Schools, Commercial Real Estate Properties, and Agricultural Research Centers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Single-Tenant Office Medical

KPC Long Term Acute Care Hospital | Texas | 15 Year Absolute Net Lease w/ 2% Annual Increases

Listing Price: $29,000,000

Cap Rate
6.75%
Tenant Name
KPC
Years Remaining On Lease
15.2
Gross SF
49,959
Guarantor
Corporate Guarantee
Rentable SF
49,959
Price/Gross SF
$580.48
Lease Type
Absolute Net
Rent Per Square Feet
$39.16

Investment Highlights

  • 15 Year Absolute Net Lease w/ 2% Annual Increases. Class A, 49,959 SF Newly Constructed Post-Acute Healthcare Facility - Outstanding Construction Quality and Design, ˜943 Sq. Ft. Per Bed, Extensive Co
  • Located within The Amarillo Medical Center Park, within Close Proximity to Several Major Regional Hospitals & Medical Centers, Providing a Consistent Source of Acute Referrals to an Incoming Investor.
  • Amarillo has some of The Nation's Finest Health Care Facilities. From The Don And Sybil Harrington Cancer Center to a Regional Veterans Administration Hospital, these Facilities Serve Amarillo, The Pa
  • Strategically Located within the Primary Medical District - Short Distance from Northwest Texas Healthcare system, BSA Hospital, and TTUHC Pediatrics - Texas Tech University Health Sciences Center.
  • KPC Promise Hospital ("KPC") A KPC Group Subsidiary, is an Industry Leader in Long-Term Acute Care Hospitals (LTACH). The KPC Group is a Global Leader in Healthcare, Pharmaceuticals, Education, Engineering and Real Estate.
  • The KPC Group, has Amassed Over $10 Billion in Assets, Including Hospitals, Clinics, Schools, Commercial Real Estate Properties, and Agricultural Research Centers.

Investment Overview

Amarillo is considered the regional economic center for the Texas Panhandle, as well as Eastern New Mexico and the Oklahoma Panhandle. The meat packing industry is a major employer in Amarillo; about one-quarter of the United States' beef supply is processed in the area. The city is also the location of headquarters for the Texas Cattle Feeders Association. Petroleum extraction is also a major industry. The helium industry has decreased in significance since the federal government privatized local operations in the late 1990s. Bell Helicopter Textron opened a helicopter assembly plant near the city's international airport in 1999.[64] The city's largest employer in 2005 was Tyson Foods, with 3,700 employees. The Amarillo Independent School District was next with 3,659 employees followed by Pantex, Baptist St. Anthony's Health Care System, City of Amarillo, Northwest Texas Healthcare System, Amarillo College, Wal-mart, and United Supermarkets. Other major employers include Bell Helicopter Textron, Owens-Corning, Amarillo National Bank and ASARCO.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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