Cap Rate: 6.30%
Gross Leasable Area: 9,000 SF
- Out Parcel to Mission’s Main Hospital
- Relocation Clinic with Strong Center Performance
- 7+ Years Remaining on Term
- Minimal Landlord Responsibilities
The subject offering provides an opportunity for both new and seasoned investors to acquire a corporately guaranteed US Renal Care property situated in Mission, Texas. The 9,000-square-foot building was built specifically for US Renal Care in 2021 and is a relocation clinic from an existing center in the area. As diabetes is three times more prevalent in the Rio Grande Valley than in the rest of the country, this clinic is a crucial investment in the Mission community’s healthcare. The property is an out parcel to the region’s main hospital, Mission Regional Medical Center, which has 297 beds. Furthermore, more than seven years remain in the primary term with a 10 percent rental increase scheduled every five years. This is an excellent opportunity to invest in a recession-resistant property, boasting strong medical fundamentals.