WellMed

1030 Bensdale Road, Pleasanton, TX 78064

$2,908,897

Cap Rate 6.95%

Views: 105 DOM: 311 Updated: 07.24.24 Posted: 11.02.23 Status: Active

Summary

Price $2,908,897	Built/Renov 2014/2019	Tenant WellMed
Cap Rate 6.95%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 7,904	Lease Start 07-01-2014	#Units 1,814
Price/SF $368.03	Expiration 07-01-2026	Tenant Type Medical/Health
NOI $202,168	R. Term 1.9	Ownership Fee Simple
Rent/SF $25.58	Increases 1.6%/1/yrs	Pop 5Mi 18,119
Lot/AC 0.70	Options 1/3yrs/1.6%	AHHI 5Mi $76,768

Doug Passon

Fortis Net Lease

Contact

Lease Highlights

WellMed has 2+ years remaining on its current term with 1 (3-year) and 1 (5-year) option to extend
The lease features $0.50 PSF rental increases annually
Landlord responsible for roof, structure & parking lot
Corporate guaranteed | Investment grade tenant (S&P: A+)

Location Description

WellMed is strategically located along Bensdale Road, with clear visibility and access to 8,197 vehicles passing by daily. Bensdale Road serves as a primary thoroughfare in Pleasanton. The 5-mile trade area is supported by a population of 18,119 residents, earning an average annual household income of $76,768. Pleasanton is a city located in Atascosa County, Texas, in the United States. It is...

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Key Features

Hard corner intersection
Build to suit
Strategically located
Strong tenant synergy
Income tax free state
Population increase trend
Annual rent increases
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

WellMed Wikipedia Pleasanton, Texas Zip Code 78064 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: WellMed
Guarantor:Corp T and Rated
Company:UnitedHealth Group, Inc.
# Units:1,814
Tenant S&P: A+
Moody’s: A2
Stock: NYSE: UNH

About Tenant

WellMed is a network of doctors, specialists and other medical professionals that specialize in providing care for older adults. Their medical care includes cardiology, podiatry, dermatology,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,779	10,660	15,224
2023 Total Population :	4,939	11,025	15,577
2023 Employed Civilian Pop :	2,038	4,473	6,334
2023 Total Businesses :	143	544	772
2023 Average Household Income :	$ 88,366	$ 85,861	$ 87,831
2023 Total Consumer Spending :	$ 138 M	$ 299 M	$ 434 M
2023 Median Age :	38	39	39
2023 Total Households :	1,812	4,011	5,673
2023 Pop Age 25+: Bachelor's Degree :	660	1,268	1,688
2023 Average Home Value :	$ 205,701	$ 193,690	$ 183,742

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Bryant Street	Wilshire Dr	2021	4,233	0.11 mi
Wilshire Dr	Oakridge Dr	2010	2,020	0.17 mi
Crownhill Dr	Edgehill Dr	2010	30	0.19 mi
Oakridge Dr	Abilene St	2010	410	0.24 mi
Abilene St	Oakridge Dr	2010	80	0.29 mi
Bensdale Road	Gillette St	2021	6,965	0.33 mi
Bensdale Road	Yellowstone St	2020	5,470	0.33 mi
Long St	Orts Dr	2010	1,480	0.34 mi
Oak Valley Dr	Southgate Dr	2010	2,300	0.39 mi
Duck St	Florida St	2010	1,250	0.46 mi

Listing Broker

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