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Single-Tenant Office Medical

CanoHealth

1454 Central Blvd, Brownsville, TX 78520

Listing Price: $5,983,000

Cap Rate
5.50%
Tenant Name
CanoHealth
Years Remaining On Lease
9.4
Gross SF
13,190
Guarantor
Corporate Guarantee
Rentable SF
13,190
Price/Gross SF
$453.60
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 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: $5,983,000

Cap Rate
5.50%
Tenant Name
CanoHealth
Years Remaining On Lease
9.4
Gross SF
13,190
Guarantor
Corporate Guarantee
Rentable SF
13,190
Price/Gross SF
$453.60
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 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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