HEALTH SYSTEM AFFILIATED URGENT CARE | 10 YR 10140 Highway 242

HIGH-QUALITY OPERATOR – The urgent care is a partnership between one of Texas’ largest health systems, Memorial Hermann Health System (Moody’s: Aa3/S&P: AA-), and a national urgent care operator, GoHealth, with over 250 locations. GoHealth Urgent Care is a d/b/a of Access Clinical Partners, LLC, a TPG Growth portfolio company with TPG having more than $224B assets under management.
HIGH-GROWTH, RECESSION RESISTANT INDUSTRY – The urgent care market in 2023 was $46.4B and its Compound Annual Growth Rate is forecasted to grow at 10.99% during the period of 2023 to 2032. This is an ideal investment opportunity for investors looking to complement their existing portfolio or begin investing in healthcare – a recession-resistant asset class.
INFLATIONARY PROTECTED LEASE – This lease features 2.50% annual rent increases, providing a major cash flow boost and equity appreciation tool and a great inflationary hedge for investors.
PASSIVE NNN LEASE – This building features a NNN lease with minimal landlord responsibilities, providing a passive investment vehicle for both local and out-of-state investors.
NEW DEVELOPMENT – With an anticipated delivery date in the fourth quarter of 2024, the property alleviates concerns for a new owner regarding potential capital repairs or replacements associated with the building’s age.
CORPORATE GUARANTY – The lease agreement will include a partial guaranty from Memorial Hermann Health System (Moody’s: Aa3/S&P: AA-) and Access Clinical Partners, LLC (d/b/a GoHealth Urgent Care).
OUTPARCEL TO NATIONAL GROCER – The clinic is an outparcel to H-E-B, which holds the prestigious No. 5 ranking on Forbes’ list of America’s Largest Companies (2023 Revenue: $43.6B). Other national tenants that are outparceled to the same grocer include Regions Bank, Taco Bell, McDonald’s, Valvoline and Chipotle.
HIGH-GROWTH AND HIGH-INCOME MARKET – Conroe has experienced a dramatic population increase, with nearly a 14% rise over the past five years and a projected 27% increase over the next five years. Average household incomes exceed $117,898 within a one-mile radius.