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Valley Baptist Medical Center Brownsville E.R., (an affiliate of Tenent Health Care Corp.)

Listing was updated at: 06/03/2019

Property Overview

Price/Rent PSF $ 6,890,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 8,000
Date Available 05/26/2019
Additional URL Link
Floors 1
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Description

Location
This location features easy access and excellent visibility to daily traffic counts in excess of 27,880 vehicles per day plus offers direct access to the Interstate 69 E, one of Brownsville's main thoroughfares with over 71,000 vehicles per day. Monument signage and a signalized intersection enhance the location exposure. Directly in the path of progress in a fast growing regional retail hub area, new growth includes the largest Walmart Supercenter, McDonald's, WhataBurger, Bank of America, Wendy's, Starbucks, H-E-B, Auto Zone and others. The site is less than a mile from the 752,853 square foot Sunrise Mall, recipient of a multi million dollar major renovation in 2015, and anchored by JC Penney's, Dillard's and Sears plus over 110 variety stores and a Cinemark movie theater. Additionally, the site is conveniently located close to the South Padre International Airport, the Gladys Porter Zoo, several museums, national historic parks and numerous schools with approximately 5,000 students in a 5 mile radius.
The site features very strong demographics with over 183,000 people residing within a 5 mile radius and a population growth of 25.87% since 2000.
Brownsville is the County Seat of Cameron County and the 16th most populated City in Texas. The Brownsville area is one of the fastest growing urban areas in the United States supplemented by an international bridge connecting it to Mexico. The Port of Brownsville has become a major economic hub for Texas and an important link to International trade. The North American Free Trade Agreement (NAFTA) has helped the area to become one of the fastest growing manufacturing sectors in the nation.


Sale
Newly constructed (2016), 8,000 square foot Emergency Center located in Brownsville, Texas.
Corporate guarantee Net, Net Net lease with 10 years remaining and absolutely NO Landlord Responsibilities. The lease calls for 2% annual rent increases every year through the term, the next increase being APRIL, 2019 providing an cap rate return of 6.75%.
Recently assigned to an affiliate of Tenent Healthcare, Inc., this property, with a proven location and state of the art facility, is now leased and operated by Valley Hospital System, Brownsville.
The center is open 24 hours a day with little to no wait time. Convenient to Valley Baptist Medical Center, an award winning hospital serving the community since 1923.

Location

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