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1201 E Business Highway 83
McAllen, TX 78501

$5,335,756 USD

Skilled Nursing Facility For Sale  •  12,996 SF

Property Details

  • Property Type Skilled Nursing Facility
  • Total Building Size 12,996 SF
  • Lot Size 1.4 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 6.15 %
  • Zoning CO
0 Transit Score
49 Walk Score

Highlights

LONG TERM PASSIVE LEASE STRUCTURE 10+ years remain on Landlord friendly lease
2023 CONSTRUCTION All new built-to-suit premier medical facility
STRONG MEDICAL TENANCY Nation’s largest senior focused care provider, with 250 locations, operated by a wholly owned subsidiary of Humana, Inc.
TAX-FREE STATE Texas is a highly desirable income tax-free state
STRONG INFILL LOCATION Surrounded by major retailers, such as Home Depot, McDonald’s & Costco, each drawing traffic to the immediate area
EXCELLENT VISIBILITY Strategically located on a busy expressway boasting over 135K passing VPD

Property Flyers

Cap Rate: 6.15 %

Major Tenants

Tenant SF Occupied Lease End Date
CenterWell Senior Primary Care 12,996 SF 3/31/2035

Public Transportation

AirportDriveWalkDistance
McAllen International 7 min - 3.4 mi
Lior Regenstreif 818-907-9525 NNN Investment Group of Marcus & Millichap
Lior Regenstreif 818-907-9525 NNN Investment Group of Marcus & Millichap