4901 S 31st St - Medical FOR SALE


Temple, TX 76502
$4,829,643 USD
818-484-1658
4901 S 31st St, Temple, TX for Sale
$4,829,643 USD
Medical - FOR SALE
1/4
null | 7% Cap Rate

4901 S 31st St
Temple, TX 76502


HIGHLIGHTS

  • Regional Hospital Affiliation – The tenant is affiliated with Seton Medical Center Harker Heights, an 83-bed acute care hospital
  • Joint Venture Partnership with Leading Health Systems – Partnership between Austin-based Ascension and Nashville-based Ardent Health Systems
  • Health System Backed Lease – The lease is fully supported by a joint venture between Ardent Health Partners and Seton Healthcare (Ascension)
  • Ascension Affiliation – Ascension is one of the largest nonprofit and Catholic health systems in the United States
  • New Construction Build-To-Suit – Delivered in 2025, the facility was purpose-built to the tenant’s exact operational specifications
  • Integrated Patient Care Model – Urgent care centers frequently serve as the first point of contact for patients with acute, non-emergency needs

OVERVIEW

*Strong Financial Profile - Ascension Affiliated MOB - New Construction Matthews™ Healthcare Division is pleased to present the opportunity to acquire a specialized multi-tenant medical building leased to Freedom Urgent Care and Wellstone Health Partners. Both tenants are affiliated with Seton Medical Center Harker Heights (SMCHH) which operates under a joint venture between Ascension Health (Austin-based) and Ardent Health Services (Nashville-based). This institutional partnership provides investors with enhanced security and confidence, supported by the JV’s strong credit profile and operational expertise. The lease is fully backed by this partnership and the tenant’s robust financials can be shared upon executed NDA. The offering includes a 100% fee simple interest in a ±1.60-acre parcel strategically positioned between Austin and Waco. Located less than two miles from Temple College and within a dense residential community, the property is strategically positioned to serve its surrounding population base and capture consistent local demand. The ±7,136-square-foot facility was purpose-built to meet the tenants’ precise operational requirements, featuring a modern, efficient layout designed to optimize urgent care and family medicine/primary care delivery. This build-to-suit construction underscores the tenants’ long-term commitment to the location, aligning the facility’s functionality with their clinical workflows and patient volume needs. Having urgent care and family medicine/primary care under one roof creates a natural referral pipeline and stronger, more sustainable patient traffic. Seton Medical Center Harker Heights is an 83-bed acute care hospital offering a comprehensive range of services, including cardiology, general surgery, orthopedic surgery, and emergency care. The hospital and its affiliates maintain a robust regional presence with several medical facilities across the market, reinforcing brand recognition, patient retention, and long-term stability. The Ascension-Ardent joint-venture structure fosters a consistent referral network, further enhancing the tenant’s operational resilience and occupancy security. The tenants operate under NNN leases extending through 2035, reflecting a long-term commitment to the site. The passive net lease structure minimizes landlord responsibilities, creating an attractive, stable, and low-maintenance investment profile. Broker of Record Patrick Graham License # 9005919 (TX) Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225 (866) 889-0550

FOR SALE DETAILS

PRICE

$4,829,643 USD

PRICE/SF

$690 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ascension Health JV | +9 Yr NNN | 2025 Build

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

371023

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.