Nextcare & Baylor Scott & White Urgent Care - Port Lavaca TX
Corporate Urgent Care | 7.07% Cap Rate | Cheap Rents
Marketing description
Exclusive opportunity to acquire a corporate NextCare & Baylor Scott & White Urgent Care JV property, featuring annual increases and shadow-anchored by an H-E-B in the Victoria, TX MSA.
This small price point healthcare asset receives excellent visibility and accessibility to State Hwy 35 with +19,300 vehicles per day and TX-35 with +21,000 VPD, which runs through the heart of the city.
Additionally, this corporately guaranteed urgent care is situated in a booming retail corridor featuring numerous prominent national tenants including H-E-B, Walmart, Ace Hardware, Tractor Supply, CVS, Walgreens, DaVita Dialysis, Wells Fargo, McDonald’s, Aaron’s, Whataburger, Buc-ee’s, and many more.
Further enhancing the market’s long-term growth profile, the area is positioned to benefit from ExxonMobil’s proposed $8.6B+ Coastal Plain Project in nearby Point Comfort, a world-scale petrochemical manufacturing development expected to generate 3,000+ construction jobs, approximately 600 permanent jobs, significant tax base expansion, increased housing demand, and sustained regional economic growth throughout Port Lavaca and Calhoun County.
This NextCare Urgent Care serves as a critical healthcare resource for the surrounding community and is the only urgent care within a 40-minute drive. The property is also strategically located less than one mile from Memorial Medical Center, providing strong healthcare synergy and convenient patient access to affordable, high-quality urgent care services.
Investment highlights
LEASE & LOCATION
• New $8.6B+ ExxonMobil Coastal Plain Project: Proposed world-scale petrochemical manufacturing facility in nearby Point Comfort expected to deliver 3,000+ construction jobs, approximately 600 permanent positions, major tax base expansion, increased housing and retail demand, and sustained economic growth across Port Lavaca and the greater Calhoun County market.
• Strategic Site Selection: Strategically located 0.8 miles away from Memorial Medical Hospital.
• Partnership with Leading Health System: NextCare Urgent Care has formed a strategic partnership with Baylor Scott & White Health, Texas’ largest not-for-profit health system, expanding patient access and integrating urgent care locations into Baylor Scott & White’s statewide healthcare network.
• Surrounded by National Tenants: H-E-B, Ace Hardware, Walmart, Tractor Supply, Bealls, McDonalds, Wells Fargo, Sonic, Walgreens, CVS, DaVita Kidney Dialysis, Buc-ee’s, Whataburger and more.
• Younger Demographics: Located within 3 miles from Calhoun High School, Travis Middle School, HJM Elementary School, Sandcrab Football Stadium, which benefits this site as the younger demographic are frequent patients.
• Strong Access & Visibility: Strong accessibility & visibility to TX-35 which sees +21,400 VPD.
• Income Tax Free State: Located in an income tax free state, providing greater stability and security.
• Manufacturing Hub: An important economic hub is the Port of Port Lavaca. The city is centrally located between several large manufacturing facilities DuPont, Alcoa, Formosa Plastic Etc.
• Minimal Landlord Responsibilities: The lease is a NN+, allowing investors to enjoy a true passive investment.
• Attractive Rental Increases: Attractive 2% rental increase, which hedges against inflation.
TENANT
• Recent Joint Venture: Baylor Scott & White Health Enterprises Inc. owns 49% of all Nextcare Urgent Cares in Texas. Baylor Scott & White Healthcare System (operating 51 Hospitals & 1,500 locations) recently partnered with NextCare urgent care in 2023 demonstrating a strong commitment to the site.
• Strong Corporate Guarantee: Nextcare is one of the nation’s largest providers of urgent cares and primary care occupational medical services with over +170 locations
• Baylor Scott & White Healthcare System: As a giant not-for-profit with over $10 billion in annual revenue, Baylor Scott & White employs 45,000 employees and is a provider of lifesaving services with nearly 4 million patient encounters a year.
• Qualified Staff: Unlike many corporately guaranteed urgent care providers, Baylor Scott & White prioritizes Registered Nurses as primary caregivers.
• $56.7B Urgent Care Market: The U.S. urgent care centers market size was valued at $56.7B in 2022 and is expected to expand at a compound annual growth rate (CAGR of 10.99% from 2023 to 2030. The growth can be attributed to the delivery of rapid services and short wait times compared to primary care
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