EMPOWER BEHAVIORAL HEALTH | 7.50% CAP RATE
10,386 SF | Office Building | San Antonio, TX 78254 | $2,631,120 ($253/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,631,120
- Property Type
-
Office, Retail
- Square Feet
- 10,386 SF
- Price / Square Foot
- $253
Listing Contacts
Andrew Fagundo
Verified Profile
Rahul Chhajed
Verified Profile
Michael Moreno
Verified Profile
- Property Info
Property Overview
Matthews Real Estate Investment Services’™ Healthcare Division proudly presents a unique opportunity for to acquire an Applied Behavioral Analysis (ABA) clinic leased to the multi-regional operator, Empower Behavioral Health (“Empower” or “EBH”). Established in 2015, Empower provides ABA and autism therapy services at 15 locations across Texas and has recently merged with private-equity-backed Circle of Care to enhance its therapy services.
ABA therapy is grounded in behaviorism principles, advocating that the most effective method for enhancing individuals' lives is through objective, behavioral strategies. EBH’s goal is to help its clients become the best, most independent versions of themselves. Their program offers several services including early intervention, social skills, behavior management, communication skills, and more.
After the close of escrow, the tenant will establish a new seven-year NNN lease along with 3% annual increases promising an advantageous investment opportunity for any local or out of state investor. The average household income within a 1-mile radius of the property is $104,864.
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Andrew Fagundo, Michael Moreno, Rahul Chhajed in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
ABA therapy is grounded in behaviorism principles, advocating that the most effective method for enhancing individuals' lives is through objective, behavioral strategies. EBH’s goal is to help its clients become the best, most independent versions of themselves. Their program offers several services including early intervention, social skills, behavior management, communication skills, and more.
After the close of escrow, the tenant will establish a new seven-year NNN lease along with 3% annual increases promising an advantageous investment opportunity for any local or out of state investor. The average household income within a 1-mile radius of the property is $104,864.
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Andrew Fagundo, Michael Moreno, Rahul Chhajed in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
Property Details
- Class
- C
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Medical, Freestanding, Service
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- GROWING INDUSTRY – The ABA market in the United States was valued at $3.8 to $4 billion in 2023 and is expected to grow
- RECESSION RESISTANT ASSET CLASS – Healthcare is considered recession-resistant due to the essential nature of its services
- INFLATIONARY PROTECTED LEASE – The leases feature above-market, 3% annual rent increases, providing a significant boost to cash flow
- PASSIVE NNN LEASE STRUCTURES – The tenant will sign fresh seven-year NNN leases with minimal landlord responsibilities, providing a passive investment
- STRATEGICALLY SELECTED HIGH-INCOME MARKET – This clinic is strategically situated in an affluent market with an average household income of $104,864
- MULTI-UNIT REGIONAL PROVIDER EBH – operates 15 locations, including four in San Antonio and three in Houston, which are among Texas’ top MSAs.
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