5802 Medina Base Rd, San Antonio, TX 78242

Toby Scrivner

PRO

TX #452773, CO #ER1000499399

Jeffrey Matulis

OK 148554

Phillip J. Kelly

GA GA 438411

Trevor Burns

OK 205085

Listed by Northmarq - Tulsa, Northmarq

$5,370,000

20 days on market

Updated 20 days ago

Sunshine Pediatric Day Center

Details

Property Type

Special Purpose

Sub Type

Pediatric Skilled Care Facility, PPECC

Square Footage

7,405

Cap Rate

7.00%

NOI

$375,942

Occupancy

100%

Tenancy

Single

Lease Type

Absolute NNN

Lease Term

Lease Expiration

08/15/2040

Rent Bumps

Yes

Lease Options

2, 5-year

Class

Year Built

2025

Acreage

1.310

Parking Spaces

spaces

Investment Type

Net Lease

Lease Commencement

08/15/2025

Ground Lease

Ownership

Fee Simple

Absolute NNN Lease Structure | 3% Annual Rental Increases

Marketing description

Sunshine Pediatrics is a Prescribed Pediatric Extended Care Center (PPECC). PPECCs allow for minors from birth through age 20 with medically complex conditions to receive daily medical care (skilled nursing) in a non-residential setting. PPECCs are essential for children with specialized medical needs to receive proper treatment in a child-friendly and developmentally appropriate environment. Sunshine is currently the leading provider of PPECC services in Texas, with eight existing facilities, three under construction, and additional facilities in the pipeline for development. Sunshine maintains additional plans for over 20 locations in the future.

Investment highlights

ABSOLUTE NNN LEASE STRUCTURE | The Subject Property features an Absolute NNN lease structure, providing potential investors with zero landlord responsibilities. The lease calls for a 15-year initial term with 14 years of term remaining and 2, 5-year renewal options. The lease features attractive 3% annual rental increases throughout the initial term as well as in the renewal option periods.
REDUCED COMPETITION + COST-EFFECTIVE CARE | PPECC facilities provide cost-effective care and better results than alternative treatments. There is reduced competition due to licensing and barriers to entry in Texas, further supported by Texas House Bill 3550, which strengthens PPECC quality standards and reimbursement protocols.
GROWING DEMAND | One in five children has a special healthcare need, and with a limited number of locations with PPECC-approved physician licenses, demand continues to grow. Advances in neonatal and pediatric care have expanded the population of medically complex children, a long-term tailwind supporting sector growth.
ESSENTIAL, NEEDS-BASED, RECESSION-RESISTANT | PPECC services are essential, needs-based healthcare, not discretionary. These facilities serve children with complex medical conditions requiring daily skilled nursing care, creating deeply embedded tenant demand that persists through economic cycles.
PURPOSE-BUILT MEDICAL FACILITIES | The Subject Property is newly 2025 constructed, a Class A build-out that is specific to the PPECC medical requirements and needs, designed to deliver skilled nursing, therapeutic, developmental, and nutritional services under one roof in an integrated, single-site care model.
LIMITED CURRENT INVENTORY + RECURRING DEMAND | With a low number of available PPECC facilities on the market, ownership of one of these facilities will only amplify the first-mover advantage. PPECC services are physician-prescribed and often required daily over multi-year treatment horizons, supporting high utilization, predictable census, and stable revenue at the facility level.
TENANT'S MISSION | The primary focus is on addressing the medical, developmental, physical, nutritional, and social needs of children who necessitate intermittent, short-term, or long-term skilled nursing care. Their diverse and unique medical environment allows them to have all the providers a child needs under one roof.
PARTNER WITH PREEMINENT OPERATOR | The tenant has the ability to partner with the preeminent operator of Texas PPECCs, who has a proven track record of success.