1201 E Expressway 83, McAllen, TX 78501 For Sale

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a single-tenant net-leased CenterWell Senior Primary Care Center in McAllen, TX. CenterWell is a subsidiary of The Primary Care Organization of Humana, Inc. (NYSE: HUM), which operates over 300 care centers across 15 states and serves approximately 390,000 seniors. The net lease has over 10 lease years remaining in the primary term with four 5-year option periods, 10% rental increases every 5 years during option periods, and limited landlord responsibilities, providing inflation-resistant cash flows for years to come.

The new-construction 12,996-SF building on a large 1.63-acre parcel is positioned as an outparcel to The Home Depot and Jackson Palmer Crossing Shopping Center, is located along E Expressway 83, which sees over 29,200 VPD, and is adjacent to Interstate 2 (Over 121,400 VPD). Nearby retailers include Walmart Supercenter, Sam’s Club, Target, Costco, Lowe’s Home Improvement, Dick’s Sporting Goods, Topgolf, Chase Bank, Bank of America, McDonald’s, Chick-fil-A, Raising Cane’s, Chipotle, Whataburger and more.

This is a great opportunity to purchase a long-term medical/retail asset in McAllen, TX with a corporate guarantee and limited landlord responsibilities, providing secure cash flows for a passive investor.