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Single-Tenant Office Medical

CenterWell Senior Primary Care | A Humana Subsidiary

1201 E U.S. Business 83, McAllen, TX 78501

Listing Price: $5,707,000

Cap Rate
5.75%
Tenant Name
CenterWell Humana
Years Remaining On Lease
11.1
Guarantor
Franchisee Guarantee
Rentable SF
12,996
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.25

Investment Overview

This triple net (NNN) passive investment opportunity offers a qualified investor the chance to acquire a brand new medical building, with a long term lease to CenterWell Senior Primary Care, the largest senior focused care primary care organization in the U.S. The Primary Care Organization of Humana Inc. (NYSE: HUM), comprised of theCenterWell Senior Primary Care and Conviva Care Center brands, delivers care to nearly 266,000 seniors across 12 states.


McALLEN, TEXAS

McAllen, Texas is part of the McAllen-Edinburg-Mission metro and is located 250 miles south of San Antonio near the Texas-Mexico border, encompassing Hidalgo County. The rapidly growing metro being situated on the coast as well as the Texas-Mexico border make trade a large economic driver. The area is also known for its growing aerospace industry and strong education and healthcare sectors, seeing tremendous business development, and economic growth in recent years.

The site is situated near two major highways that connect McAllen to nearby cities, Interstate 69C which connects McAllen with San Antonio to the north, and Interstate 2 which runs east to west along the Mexico-US border. McAllen is just minutes north of the 2 million residents of Reynosa and Matamoros, both popular manufacturing centers in Northern Mexico.

Investment Highlights

  • LONG TERM PASSIVE LEASE STRUCTURE 11+ years remain with minimal landlord obligations
  • BRAND NEW 2023 CONSTRUCTION All new built-to-suit premier medical facility
  • STRONG MEDICAL TENANCY Nation's largest senior focused care provider, with 250 locations in 12 states and operated by a wholly owned subsidiary of Humana Inc.
  • TAX-FREE STATE Texas is a highly desirable income tax-free state
  • STRONG INFILL LOCATION Surrounded by major retailers, such as Home Depot, McDonald's & Costco, each drawing traffic to the immediate area
  • EXCELLENT VISIBILITY Strategically located on a busy expressway 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

CenterWell Senior Primary Care | A Humana Subsidiary

Listing Price: $5,707,000

Cap Rate
5.75%
Tenant Name
CenterWell Humana
Years Remaining On Lease
11.1
Guarantor
Franchisee Guarantee
Rentable SF
12,996
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.25

Investment Highlights

  • LONG TERM PASSIVE LEASE STRUCTURE 11+ years remain with minimal landlord obligations
  • BRAND NEW 2023 CONSTRUCTION All new built-to-suit premier medical facility
  • STRONG MEDICAL TENANCY Nation's largest senior focused care provider, with 250 locations in 12 states and operated by a wholly owned subsidiary of Humana Inc.
  • TAX-FREE STATE Texas is a highly desirable income tax-free state
  • STRONG INFILL LOCATION Surrounded by major retailers, such as Home Depot, McDonald's & Costco, each drawing traffic to the immediate area
  • EXCELLENT VISIBILITY Strategically located on a busy expressway boasting over 135K passing VPD

Investment Overview

This triple net (NNN) passive investment opportunity offers a qualified investor the chance to acquire a brand new medical building, with a long term lease to CenterWell Senior Primary Care, the largest senior focused care primary care organization in the U.S. The Primary Care Organization of Humana Inc. (NYSE: HUM), comprised of theCenterWell Senior Primary Care and Conviva Care Center brands, delivers care to nearly 266,000 seniors across 12 states. McALLEN, TEXAS McAllen, Texas is part of the McAllen-Edinburg-Mission metro and is located 250 miles south of San Antonio near the Texas-Mexico border, encompassing Hidalgo County. The rapidly growing metro being situated on the coast as well as the Texas-Mexico border make trade a large economic driver. The area is also known for its growing aerospace industry and strong education and healthcare sectors, seeing tremendous business development, and economic growth in recent years. The site is situated near two major highways that connect McAllen to nearby cities, Interstate 69C which connects McAllen with San Antonio to the north, and Interstate 2 which runs east to west along the Mexico-US border. McAllen is just minutes north of the 2 million residents of Reynosa and Matamoros, both popular manufacturing centers in Northern 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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