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Single-Tenant Office Medical

CanoHealth | McAllen TX

1201 E Expressway 83, McAllen, TX 78501

Listing Price: $6,782,610

Cap Rate
5.75%
Tenant Name
CanoHealth
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
12,996
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.01

Investment Overview

This passive investment opportunity offers a qualified buyer the ability to invest in the growing industry of medical care. The modified NNN lease allows for minimal landlord obligations and offers escalations in rent every five years and during the anniversary of each option period. The site features brand new construction, and is located directly adjacent to a large Opportunity Zone which contributes to growth in the immediate area CanoHealth is one of the nation’s leading healthcare services provider for seniors serving both Medicare and Medicaid patients, and is currently expanding across the country in Florida, Texas, California, Illinois, Nevada, and New Mexico.

Investment Highlights

  • 15 Year Landlord-Friendly Lease
  • Brand New 2023 Construction
  • Publicly Traded Tenant (NYSE:CANO)
  • Essential Retailer: E-Commerce and Inflation Resistant
  • Strong Infill location, surrounded by major retailers such as Home Depot, Dollar Tree, Staples, Costco, Lowe's and McDonald's
  • Located strategically right off I-2, and on a busy local highway boasting over 135K passing VPD

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Single-Tenant Office Medical

CanoHealth | McAllen TX

Listing Price: $6,782,610

Cap Rate
5.75%
Tenant Name
CanoHealth
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
12,996
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.01

Investment Highlights

  • 15 Year Landlord-Friendly Lease
  • Brand New 2023 Construction
  • Publicly Traded Tenant (NYSE:CANO)
  • Essential Retailer: E-Commerce and Inflation Resistant
  • Strong Infill location, surrounded by major retailers such as Home Depot, Dollar Tree, Staples, Costco, Lowe's and McDonald's
  • Located strategically right off I-2, and on a busy local highway boasting over 135K passing VPD

Investment Overview

This passive investment opportunity offers a qualified buyer the ability to invest in the growing industry of medical care. The modified NNN lease allows for minimal landlord obligations and offers escalations in rent every five years and during the anniversary of each option period. The site features brand new construction, and is located directly adjacent to a large Opportunity Zone which contributes to growth in the immediate area CanoHealth is one of the nation’s leading healthcare services provider for seniors serving both Medicare and Medicaid patients, and is currently expanding across the country in Florida, Texas, California, Illinois, Nevada, and New Mexico.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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