Listed by Bang Realty, Echo West Capital Advisors
$3,270,000
WellMed - Keller, TX
Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 7,200
Net Rentable (SqFt) 7,200
Cap Rate 6.40%
NOI $209,232
Occupancy 100%
Tenancy Single
Brand/Tenant WellMed
Lease Type NNN
Lease Term 6
Rent Bumps Yes
Lease Options Two, 2-Year Options
Price per SqFt $454
Year Built 2001
Year Renovated 2024
Buildings 1
Acreage 1.250
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
WellMed - Keller, TX (DFW MSA) | Significant Tenant Capital Investment into Site
Investment highlights
- Wholly-Owned Subsidiary of Investment Grade Tenant (S&P: A+) - 100% leased to WellMed Medical Management, a subsidiary of UnitedHealth Group (NYSE: UNH), one of the largest healthcare companies in the U.S. with an S&P “A+” credit rating. As of Q1 2025, UnitedHealth Group reported Revenues of $109.6 Billion, an increase of $9.8 Billion year-over-year.
- Significant Tenant Capital Investment into Site | Recent Improvements - WellMed invested more than $1,200,000 into the subject property to build out the interior and exterior space for its grand opening, demonstrating their long-term commitment to the location.
- Mission-Critical Medical Use - WellMed provides primary care and chronic disease management for seniors, a resilient and recession-resistant business model with strong patient demand and long-term occupancy trends. Medical office investments continue to outperform traditional retail due to high tenant retention rates, low default risk, and long lease terms tied to essential services.
- Desirable Lease Structure | Annual Rent Increases - The lease features minimal landlord responsibilities, with the tenant responsible for all operating expenses, taxes, insurance, utilities, and maintenance, leaving the landlord responsible only for structural components. In addition, the lease features attractive 2.00% contractual annual rent increases, offering built-in income growth and a natural hedge against inflation throughout the lease term and options.
- Strategic Location in Keller, TX | Strong Healthcare Market Fundamentals - The site benefits from excellent visibility and accessibility along Keller Parkway (FM 1709), the city’s primary east-west corridor with traffic counts exceeding 41,000 vehicles per day. DFW is one of the fastest-growing metro areas in the U.S., fueling demand for healthcare services. Keller’s aging and affluent population base further strengthens the long-term stability of medical tenancy.
Listing Contacts
Listed by Bang Realty, Echo West Capital Advisors
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$209,232.00
$17,436.00/mo
Valuation Metrics
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DSCR
6.4%
Cap Rate
6.4%
ROI
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