4234 Weber Rd - Medical FOR SALE
Corpus Christi, TX 78411 |
4234 Weber Rd
Corpus Christi, TX 78411
HIGHLIGHTS
- GROWING INDUSTRY – The ABA market in the United States was valued at $3.8 to $4 billion in 2023 and is expected to grow at a CAGR of 4.5% to 4.8%
- RECESSION RESISTANT ASSET CLASS – Healthcare is considered recession-resistant due to the essential nature of its services
- INFLATIONARY PROTECTED LEASE – The leases feature above-market, 3% annual rent increases, providing a significant boost to cash flow
- PASSIVE NNN LEASE STRUCTURES – The tenant will sign fresh seven-year NNN leases with minimal landlord responsibilities
- MULTI-UNIT REGIONAL PROVIDER – EBH operates 15 locations, including four in San Antonio and three in Houston, which are among Texas’ top MSAs
- RECENT MERGER WITH PRIVATE EQUITY-BACKED OPERATOR – In 2022, EBH merged with the private equity-backed Circle of Care to enhance its therapy services
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
EMPOWER BEHAVIORAL HEALTH | 7.50% CAP RATE
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Convenience Store, Drug Store, Fast Food
TOTAL BUILDING SIZE
5649
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.32 AC AC
LAND SF
57,499 SF
ZONING
-
APN/PARCEL ID
200019880
