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Single-Tenant Office Medical

CanoHealth

1454 Central Blvd, Brownsville, TX 78520

Listing Price: $6,040,000

Cap Rate
5.45%
Tenant Name
CanoHealth
Years Remaining On Lease
9.7
Gross SF
13,190
Guarantor
Corporate Guarantee
Rentable SF
13,190
Price/Gross SF
$457.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.95

Investment Overview

This passive investment opportunity offers a qualified buyer the ability to invest in a growing industry of medical care on a modified NNN lease. Minimal Landlord obligations. The lease is scheduled to commence in September 2021 and is flat during the base term, but offers escalations in rent during the anniversary of each option period. The site, previously constructed as a CVS is strategically located at a signalized intersection, and is only blocks from the Brownsville Valley Baptist Medical Center. The investment offers e-commerce, recession and pandemic Resistance.

Investment Highlights

  • 10 Year Landlord-Friendly Lease
  • Publicly Traded Tenant (NYSE:CANO) 0.63 debt:equity ratio
  • Features excellent visibility: Daily traffic counts exceed 26,000 vehicles per day passing directly in front of the site
  • Essential Retailer E-Commerce, Pandemic and Inflation Resistant
  • Located strategically at the signalized hard corner of Boca Chica Blvd & Central Blvd

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

Listing Price: $6,040,000

Cap Rate
5.45%
Tenant Name
CanoHealth
Years Remaining On Lease
9.7
Gross SF
13,190
Guarantor
Corporate Guarantee
Rentable SF
13,190
Price/Gross SF
$457.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.95

Investment Highlights

  • 10 Year Landlord-Friendly Lease
  • Publicly Traded Tenant (NYSE:CANO) 0.63 debt:equity ratio
  • Features excellent visibility: Daily traffic counts exceed 26,000 vehicles per day passing directly in front of the site
  • Essential Retailer E-Commerce, Pandemic and Inflation Resistant
  • Located strategically at the signalized hard corner of Boca Chica Blvd & Central Blvd

Investment Overview

This passive investment opportunity offers a qualified buyer the ability to invest in a growing industry of medical care on a modified NNN lease. Minimal Landlord obligations. The lease is scheduled to commence in September 2021 and is flat during the base term, but offers escalations in rent during the anniversary of each option period. The site, previously constructed as a CVS is strategically located at a signalized intersection, and is only blocks from the Brownsville Valley Baptist Medical Center. The investment offers e-commerce, recession and pandemic Resistance.

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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