CenterWell Senior Primary Care
13,502 SF | Retail Building | Brownsville, TX 78520 | $4,950,000 ($367/SF) | 6.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,950,000
- Property Type
-
Retail
- Square Feet
- 13,502 SF
- Price / Square Foot
- $367
Listing Contacts
Jereme Snyder
Verified Profile
Eric Carlton
Verified Profile
Danny Rice
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a single tenant NNN leased senior primary care center in Brownsville, TX. CenterWell Senior Primary Care is a wholly owned subsidiary of The Primary Care Organization of Humana, Inc. (NYSE: HUM). Humana, an investment grade credit tenant, is ranked 42 on the Fortune 500 List and is the 4th largest Health insurance Provider in the US. CenterWell operates over 140 centers in 15 states and serves over 87,000 members.
This NNN lease has over 7 lease years remaining in the primary term with four 5-year option periods, limited landlord responsibilities, and a 20-year transferable roof warranty (installed in September 2021) which provide inflation resistant cash flows for years to come.
The 13,502 SF building sits on a large 1.69-acre parcel and is strategically positioned on the hard corner signalized intersections of Central Blvd and Boca Chica Blvd which sees over 43,566 VPD. Additionally, the subject property is a half mile from Valley Baptist Medical Center, the 243-bed hospital. Nearby retailers include H-E-B, Walgreens, Dollar General, Dollar Tree, AutoZone, McDonald’s, Burger King and Dairy Queen.
This is a great opportunity to purchase a medical/retail asset in Brownsville, TX with limited landlord responsibilities providing long term internet resistant income.
This NNN lease has over 7 lease years remaining in the primary term with four 5-year option periods, limited landlord responsibilities, and a 20-year transferable roof warranty (installed in September 2021) which provide inflation resistant cash flows for years to come.
The 13,502 SF building sits on a large 1.69-acre parcel and is strategically positioned on the hard corner signalized intersections of Central Blvd and Boca Chica Blvd which sees over 43,566 VPD. Additionally, the subject property is a half mile from Valley Baptist Medical Center, the 243-bed hospital. Nearby retailers include H-E-B, Walgreens, Dollar General, Dollar Tree, AutoZone, McDonald’s, Burger King and Dairy Queen.
This is a great opportunity to purchase a medical/retail asset in Brownsville, TX with limited landlord responsibilities providing long term internet resistant income.
Property Details
- Class
- C
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding, Medical
- Lot Size (sq. ft)
- 75,359 SF
Highlights
- CenterWell Senior Primary Care - Wholly Owned Subsidiary of Humana Inc (NYSE: HUM) - Ranked 42 on Fortune 500 List
- Nation’s Largest Senior-Focused Primary Care Organization - CenterWell operates over 140 Centers in 15 States Serving over 87,000 Seniors
- Over 7 Lease Years Remaining in Primary Term
- Limited Landlord Responsibilities – Internet Resistant Tenant
- 13,502 SF Building on 1.69 Acres - Close Proximity to Valley Baptist Medical Center
- Hard Corner Signalized Intersection - Central Blvd & Boca Chica Blvd – Over 43,566 VPD
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