Baylor Scott & White Surgicare
825 West YellowJacket Lane, Rockwall, TX 75087
$5,800,000
Cap Rate 6.50%
Summary
| Price $5,800,000 | Built/Renov 2003/2016 | Tenant Baylor Scott & White Surgicare |
| Cap Rate 6.50% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
12,284
| Lease Start
10-01-2016
| #Units
800
|
| Price/SF $472.16 | Expiration
09-30-2026
| Tenant Type Medical/Health |
| NOI $377,289 | R. Term 2.9 | Ownership Fee Simple |
| Rent/SF
$30.71
| Increases 2.0%/1/yrs | Pop 5Mi 105,703 |
| Lot/AC 1.20 | Options 1/10yrs/2% | AHHI 5Mi $142,009 |
| | |
Lease Highlights
- Tenant has 3 years remaining on their primary lease with 1 (10-year) option to extend
- Lease features CPI rent increases annually between 2%-4%
- Favorable NN+ lease with landlord responsibilities limited to roof & structure
- Corporate guaranteed lease
- Income tax free state
Location Description
Baylor Scott & White is strategically positioned at the signalized, hard corner intersection of W. Yellow Jacket Lane and Greencrest Blvd. The subject property is in close proximity to a Walmart Supercenter anchored center, contributing to the commercial density of the area. Other well-known national retailers nearby include Target, Lowe's, Home Depot, Kroger, Costco, Dick's Sporting Goods,...
...Features
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Signalized intersection
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Near major nationals
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Dense 100M+ pop 5 mi
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Top 100 MSA
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Affluent AHHI $100K 5 Mi
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Income tax free state
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Long operation history
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Favorable NN+ lease
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Annual rent increases
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Corporate Guarantee
...
Maps
Tenant
- Tenant: Baylor Scott & White Surgicare
- Guarantor:Corporate
- Company:Baylor Scott & White Health
- # Units:800
- Stock:Private
About Tenant
Baylor Scott & White Health is the largest non-profit healthcare system in Texas, and one of the largest in the country. The company handles over 7.8 million patient encounters annually, and has...
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