201 Mariposa - Medical FOR SALE


Alice, TX 78332
$1,315,141 USD
818-484-1658
201 Mariposa, Alice, TX for Sale
$1,315,141 USD
Medical - FOR SALE
1/3
null | 8.15% Cap Rate

201 Mariposa
Alice, TX 78332


HIGHLIGHTS

  • Established Market Leader – In 2021, ASAS Health partnered with Alpine Physician Partners, expanding its senior patient membership
  • Recession-Resistant Asset Class – Healthcare real estate remains a resilient investment category, driven by the non-discretionary demand
  • Recently Executed NN Lease – A new five-year NN lease was executed in 2024 following ASAS Health’s acquisition of the practice
  • Affluent Surrounding Demographics – The ±one-mile trade area surrounding the asset features average household incomes exceeding $94,513.
  • Billion Dollar Market – The U.S. primary care physician market was valued at approximately $271 billion in 2023
  • Tax-Free/Top Destination State – Texas is one of nine U.S. states with no personal income tax, offering potential tax efficiencies for investors.

OVERVIEW

Matthews Real Estate Investment Services™ Healthcare Division is proud to present the exclusive opportunity to acquire a premier healthcare investment leased to ASAS Health, a physician-led primary care organization operating more than 25+ locations across South Texas. This offering features a 100% fee simple interest in a ±6,960-square-foot medical facility situated on a ±0.81-acre parcel in Alice, Texas. The property is fully leased on a NN basis to ASAS Health, with CPI-based rental escalations and approximately five years of remaining lease term. Strategically located less than one mile from CHRISTUS Spohn Hospital, the asset benefits from strong proximity to a key referral source and local healthcare infrastructure. ASAS Health joined Alpine Physician Partners in 2021, aligning with a national medical group focused on value-based care for the senior population (65+). This partnership has enhanced ASAS Health’s operational scale, resource access, and delivery consistency under a proven, patient-centered model. Positioned within a sector projected to exceed $378 billion by 2030, this offering provides investors a compelling opportunity to secure stable, passive income backed by a mission-critical healthcare tenant. The combination of a strong operator, hospital-adjacent location, and long-term market fundamentals makes this a durable and attractive healthcare real estate investment. Broker of Record Patrick Graham License # 9005919 (TX) Matthews Real Estate Investment Services, Inc 2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550

FOR SALE DETAILS

PRICE

$1,315,141 USD

PRICE/SF

$138 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ASAS Health | 7.94% Cap | Rental Increases

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Freestanding, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,982 SF

ZONING

-

APN/PARCEL ID

11635-114-000-00

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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