

ST. JOSEPH PRIMARY CARE CENTER
9,423 SF PRIMARY CARE CLINIC ON 1.112 AC
Marketing description
OLDHAM GOODWIN is pleased to present the St. Joseph Health Primary Clinic in Brenham, Texas for your consideration. The NNN lease with CommonSpirit Health, one of the nations largest catholic health system, has three (3) years remaining on their most recently exercised option. The tenant has shown long term commitment to the market and property, offering comprehensive healthcare services to Washington County and the surrounding area since 2012. The clinic benefits from an excellent location on SH-290, with excellent visibility and exposure to over 30,000 cars per day.
Investment highlights
LONG TERM COMMITMENT TO THE COMMUNITY AND FACILITY
- Facility was purpose built as a primary care facility for for St. Joseph Regional Health Center in 2012.
- CommonSpirit Health is the largest catholic health system in the United States, with 140 hospitals across 24 states, with annual revenues of approximately $38 billion.
- Facility offers a diverse mix of healthcare services to Washington County and the surrounding area.
NNN LEASE STRUCTURE WITH MINIMAL LANDLORD RESPONSIBILITY
- NNN Lease structure provides passive income to Landlord with little management responsibility.
- One and one half percent (1.5%) annual rent escalations.
- Three (3) years remaining on current term.
- Two (2) additional Five (5) year extension options with One and one half percent (1.5%) annual rent escalations.
EXCELLENT LOCATION IN HIGH GROWTH AREA AND BUSINESS FRIENDLY ENVIRONMENT
- Highly visible location, just off Highway 290 with exposure to almost 32,000 VPD.
- Brenham’s population grew by over 20% since 2020 and with continual annual growth of 2.9%, signaling an expanding customer base.
- Between 2022 and 2023, Brenham’s median household income jumped by over 8%, indicating improving economic conditions.
- Brenham’s location between major TX metros like Houston and Austin, pro-business environment, and local economic development efforts make it an attractive place for investment and business growth.
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