Kellum Physicians Partners/OBGYN

10,111 SF Health Care Building Offered at $6,275,000 at a 6.12% Cap Rate in Helotes, TX 78023

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $6,275,000

Property Type
Health Care
Square Feet
10,111 SF

Listing Contacts

Bryan Webb
Bryan Webb
Verified Profile
Rick Sanner
Rick Sanner
Verified Profile
  • Property Info

Property Overview

A single tenant medical practice on a 10-year absolute NNN lease structured with 3.5% annual increases throughout the base term and fixed option periods. Located along heavily trafficked Braun Road (22,502K VPD), adjacent to Braun Road Loop 1604/Braun Road exit in Helotes, a San Antonio suburb.
IN CONJUNCTION WITH
TX LICENSED BROKER:
PETER ELLIS
[email protected]
PH: 210.325.7578

Property Details

Year Built
2024
Stories
1
Lot Size (sq. ft)
60,984 SF
Units
1

Highlights

  • A single-tenant medical practice located in Helotes, TX, a growing San Antonio suburb
  • The lease structure is absolute NNN with personal guarantys from multiple physicians, making this a passive investment opportunity for a hands-off inv
  • 3.5% annual rental increases during the primary term and option periods, providing an investor with a hedge against inflation
  • The tenant, Kellum Physicians Partners, is affiliated with Methodist Hospital and Baptist Health - both have a significant presence in the San Antonio
  • Kellum is an established and growing provider with 50+ years in the current market

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