Views: 0 DOM: 6 Updated: 11.30.23 Posted: 09.11.23 Status: Sold 09.18.23


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,...



  • 1 Mile
  • 3 Miles
  • 5 Miles


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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