BeWell Primary Care
2.50% Annual Increases | $65K Capital Improvements (2026) | Below-Market Rent
Marketing description
Overview
Peranich Huffman Net Lease Group is pleased to exclusively present BeWell Primary Care, located at 709 W Bailey Boswell Road in Saginaw, Texas. This offering provides investors the opportunity to acquire a medical office asset leased to a healthcare operator within a growing North Fort Worth submarket. Positioned along an established commercial corridor with strong surrounding residential density, the property supports consistent patient demand and long-term tenancy. The asset has benefited from approximately $65,000 in recent capital improvements (2026), including new flooring, refreshed interior and exterior paint, upgraded data/IT infrastructure, a new HVAC unit, and improved parking signage.
Lease
The property is leased to BeWell Primary Care with 5 years of lease term remaining. Current annual base rent is $72,240 with scheduled increases of 2.50% annually, supporting consistent income growth over the hold period. Two (2) additional 3-year renewal options remain, offering continued upside and long-term tenancy potential. Additionally, the lease is backed by a guaranty from Chet Vayani, CEO & co-founder of BeWell Primary Care. The combination of recent capital improvements and below-market rent positioning provides investors with the opportunity to capture future income growth while maintaining a stabilized healthcare asset.
Tenant
Founded in 2017 by Dr. Radhika Vayani, BeWell Primary Care has grown from a single Fort Worth clinic into a regional network with six locations serving the North Texas corridor. The practice operates under a whole-patient care model — combining chronic disease management with preventative and wellness services — and has built a loyal patient base characterized by high retention and a reputation for personalized care. As an established primary care provider within the Dallas-Fort Worth metroplex, BeWell represents a service-essential tenant with a demonstrated track record of measured, deliberate growth.
Investment highlights
Recent Capital Improvements
In 2026, $65,000 in capital improvements were completed – including new flooring, interior and exterior paint, upgraded data/IT infrastructure, a new HVAC unit, and parking signage – reducing near-term capital risk and delivering the asset in strong physical condition at acquisition.
2.50% Annual Rent Escalations
The lease contains 5 years of term remaining with scheduled rent growth, alongside (2) 3-year renewal options at fair market value, providing predictable income and a strong retention profile.
Below Market Rent with Upside Potential
The current rent of $24.00/PSF is below the surrounding area’s market average of $29.38/PSF. This provides built-in rental upside and the opportunity to capture increased income upon lease renewal.
Strong Demographic Base
With 132,000+ residents within a 3-mile radius and an average household income of $110,000+ (25% above the national average), the site is embedded in a affluent market with sustained demand.
Essential Healthcare Tenancy
As a community-anchored primary care provider, BeWell delivers medically necessary services that generate stable, repeat patient demand — an inherently recession-resistant use.
Strategic Retail Corridor Location
Positioned along West Bailey Boswell Road, the property benefits from strong visibility and access within a high-traffic corridor. The surrounding area includes national retailers, medical users, and dense residential neighborhoods.
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