CenterWell Senior Primary Care | Investment Grade Credit Tenant

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a single tenant NNN leased senior primary care center in Brownsville, TX. CenterWell Senior Primary Care is a wholly owned subsidiary of The Primary Care Organization of Humana, Inc. (NYSE: HUM). Humana, an investment grade credit tenant, is ranked 42 on the Fortune 500 List and is the 4th largest Health insurance Provider in the US. CenterWell operates over 140 centers in 15 states and serves over 87,000 members.

This NNN lease has over 7 lease years remaining in the primary term with four 5-year option periods, limited landlord responsibilities, and a 20-year transferable roof warranty (installed in September 2021) which provide inflation resistant cash flows for years to come.

The 13,502 SF building sits on a large 1.69-acre parcel and is strategically positioned on the hard corner signalized intersections of Central Blvd and Boca Chica Blvd which sees over 43,566 VPD. Additionally, the subject property is a half mile from Valley Baptist Medical Center, the 243-bed hospital. Nearby retailers include H-E-B, Walgreens, Dollar General, Dollar Tree, AutoZone, McDonald’s, Burger King and Dairy Queen.

This is a great opportunity to purchase a medical/retail asset in Brownsville, TX with limited landlord responsibilities providing long term internet resistant income.

Available