1201 E Business Highway 83 - CenterWell Senior Primary Care | Humana
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1201 E Business Highway 83 - CenterWell Senior Primary Care | Humana
12,996 SF Health Care Building Offered at £4,185,420 at a 6.15% Net Initial Yield in McAllen, TX 78501
Investment Highlights
- LONG TERM PASSIVE LEASE STRUCTURE 10+ years remain on Landlord friendly lease
- STRONG MEDICAL TENANCY Nation’s largest senior focused care provider, with 250 locations, operated by a wholly owned subsidiary of Humana, Inc.
- STRONG INFILL LOCATION Surrounded by major retailers, such as Home Depot, McDonald’s & Costco, each drawing traffic to the immediate area
- 2023 CONSTRUCTION All new built-to-suit premier medical facility
- TAX-FREE STATE Texas is a highly desirable income tax-free state
- EXCELLENT VISIBILITY Strategically located on a busy expressway boasting over 135K passing VPD
Executive Summary
This triple net (NNN) passive investment opportunity offers a qualified investor the chance to acquire a brand new medical building, with a long term lease to CenterWell Senior Primary Care, the largest senior focused primary care organization in the U.S. The Primary Care Organization of Humana Inc. (NYSE: HUM), comprised of the CenterWell Senior Primary Care and Conviva Care Center brands, delivers care to nearly 266,000 seniors across 12 states.
McALLEN, TEXAS: not only a popular commuter border town heavy in commerce and logistical transaport, but the region is also known for its growing aerospace industry and strong education and healthcare sectors, seeing tremendous business development, and economic growth in recent years. The site is situated near two major highways that connect McAllen to nearby cities, Interstate 69C which connects McAllen with San Antonio to the north, and Interstate 2 which runs east to west along the Mexico-US border. McAllen is just minutes north of the 2 million residents of Reynosa and Matamoros, both popular manufacturing centers in Northern Mexico.
McALLEN, TEXAS: not only a popular commuter border town heavy in commerce and logistical transaport, but the region is also known for its growing aerospace industry and strong education and healthcare sectors, seeing tremendous business development, and economic growth in recent years. The site is situated near two major highways that connect McAllen to nearby cities, Interstate 69C which connects McAllen with San Antonio to the north, and Interstate 2 which runs east to west along the Mexico-US border. McAllen is just minutes north of the 2 million residents of Reynosa and Matamoros, both popular manufacturing centers in Northern Mexico.
Property Facts
PROPERTY TAXES
| Parcel Number | J2003-03-000-0007-00 | Improvements Assessment | £1,127,844 |
| Land Assessment | £477,917 | Total Assessment | £1,605,762 |
PROPERTY TAXES
Parcel Number
J2003-03-000-0007-00
Land Assessment
£477,917
Improvements Assessment
£1,127,844
Total Assessment
£1,605,762
zoning
| Zoning Code | CO |
| CO |
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Lior Regenstreif -
NNN Investment Group of Marcus & Millichap
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1201 E Business Highway 83 - CenterWell Senior Primary Care | Humana
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