Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a WellMed medical office located in Dallas, Texas. The property features a corporate-guaranteed lease, with two five-year renewal options and 3% rent increases every three years during both the base term and option periods. This brand-new, build-to-suit facility was recently completed and is now open for business. WellMed has invested substantial capital into the interior buildout, further demonstrating its long-term commitment to the site. Additionally, the building is backed by a roof warranty. WellMed is a multi-billion-dollar healthcare provider primarily serving the senior population in Texas and Florida. The company operates over 400 clinics and doctors’ offices, delivering care to more than 1 million older adults. WellMed is a wholly owned subsidiary of Optum, a division of UnitedHealth Group. The property benefits from outstanding visibility and accessibility, located along Lake June Road, a major retail corridor with over 24,000 vehicles per day. It is just off Buckner Boulevard, a key arterial route with approximately 35,000 vehicles daily, and near the C.F. Hawn Freeway (US 175), a vital east-west connector with over 85,000 vehicles daily that links Downtown Dallas to the southeastern suburbs. The immediate area is densely populated, with over 100,000 residents within a three-mile radius and more than 235,000 within five miles. The location is also supported by robust healthcare infrastructure, with nearby hospitals and medical facilities offering over 3,000 licensed beds and serving more than 3.3 million patient visits annually across Dallas County. The Dallas-Fort Worth Metroplex is the fourth-largest metropolitan area in the U.S., with approximately 8.3 million residents across 13 counties. As a major economic engine for Texas and the nation, Dallas features a diverse and resilient economy supported by key sectors such as healthcare, technology, telecommunications, finance, logistics, and defense. The region’s pro-business climate—bolstered by no state, personal, or corporate income tax—continues to attract employers and residents alike. Dallas ranks among the top metros in the nation for population growth and is home to nearly 4.3 million jobs, making it one of the country’s largest and most dynamic employment markets.