10104 US Highway 290 E - Medical FOR SALE


Manor, TX 78653- Northeast Austin
$4,665,000 USD
312-240-0162
10104 US Highway 290 E, Manor, TX for Sale
$4,665,000 USD
Medical - FOR SALE
1/3
null | 5.75% Cap Rate

10104 US Highway 290 E
Manor, TX 78653
Northeast Austin


HIGHLIGHTS

  • MULTI-BILLION-DOLLAR HOSPITAL SYSTEM LEASE GUARANTY | HCA HEALTHCARE INC. AFFILIATION
  • NEW 15-YEAR PASSIVE NNN LEASE WITH 2.00% ANNUAL RENTAL INCREASES | BRAND-NEW 2025 CONSTRUCTION
  • AUSTIN, TEXAS MSA INVESTMENT OPPORUNITY | U.S. 290 FRONTAGE AMID ONGOING EXPANSION PROJECT
  • POSITIONED BETWEEN TESLA GIGAFACTORY & GLOBAL HQ, DOWNTOWN AUSTIN & SAMSUNG SEMICONDUCTOR PLANT
  • POSITIONED BETWEEN TESLA GIGAFACTORY & GLOBAL HQ, DOWNTOWN AUSTIN & SAMSUNG SEMICONDUCTOR PLANT
  • 36,000+ NEW HOMES UNDERWAY WITHIN 5 MILES OF THE PROPERTY | PART OF BRAND-NEW 20-ACRE RETAIL DEVELOPMENT

OVERVIEW

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee-simple interest in the singletenant urgent care facility located at 10104 US-290 in Manor (Austin), Texas (the “Property”). The Property is operating as St. David’s Healthcare | CareNow Urgent Care, and offers a full lease guaranty from St. David’s HealthCare, a multibillion-dollar hospital system operating 7 major hospitals and 160+ additional medical centers throughout Central Texas. Furthermore, CareNow and St. David’s HealthCare are both part of HCA Healthcare Inc., the largest healthcare system in the U.S. and #60 on Fortune 500 with $75+ billion in revenue. The Property offers 2025 construction and features a class A urgent care build out. The Property is within Manor Point, a brandnew ±20-acre development spanning 10 buildings with 17 high-quality tenants. Positioned on U.S. 290 and Parmer Lane, the Property benefits from frontage on one of the busiest and fastest-growing corridors in Austin, TX. This section of U.S. 290 is planned to be expanded – a 15-mile, $127M upgrade to add additional lanes and features to the highway. Furthermore, the Property is surrounded by new development including extensive residential, industrial, and retail both planned and underway. Over 200 acres are currently under construction within Manor city limits alone. The Property features a new, highly passive 15-year NNN lease. Landlord’s obligations are limited to building structure only, Tenant is responsible for all else including the roof. The lease features 2.00% annual rental increases through the Base Term and Option periods. Austin, Texas is one of the most highly sought after markets in the U.S. for residents, businesses, and investors alike. The MSA was the #1 fastest growing in the U.S. each year from 2011 – 2023 and remains one of the fastest in the U.S., and the #1 fastest within Texas today. Manor is one of the fastest-growing areas within the high-growth Austin, MSA, and was itself the #6 fastest-growing U.S. city over the past decade, nearly tripling in size over that time. Manor is sandwiched between the Tesla Gigafactory & Global HQ, Downtown Austin, and the Samsung Austin Semiconductor Factory – three of the largest economic engines in the MSA.

FOR SALE DETAILS

PRICE

$4,665,000 USD

PRICE/SF

$1,166 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St David’s | CareNow Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C1

APN/PARCEL ID

982320

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brandon DuffNorthmarqMore Info
312-240-0162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.