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Christus Physicians Surgery Center

1738 East Common Street, New Braunfels, TX 78130

$11,015,000

Cap Rate 6.00%

Views: 82 Updated: 12.17.23 Posted: 09.19.23 Status: Inactive

Summary

Price $11,015,000
Built/Renov 2003/2012
Tenant Christus Physicians Surgery Center
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 18,855
Lease Start 06-01-2020
#Units 5
Price/SF $584.20
Expiration 05-31-2032
Tenant Type Medical/Health
NOI $660,920
R. Term 7.5
Ownership Fee Simple
Rent/SF $35.05
Increases 2.5%/1/yrs
Pop 5Mi 96,726
Lot/AC 4.33
Options 2/10yrs/2.5%
AHHI 5Mi $112,868

Lindsey Snider
Fisher James Capital
Contact

Putnam Daily
Fisher James Capital
Contact

Lease Highlights

  • Christus Physicians Surgery Center currently has over 8 years remaining on the current lease term with 2 (10-year) options to extend
  • Lease features 2.5% annual rent increases throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by CHRISTUS Santa Rosa Health System

Location Description

This 18,855 square foot Christus Physicians Surgery Center is situated on a 4.33 acre parcel along East Common Street. The site benefits from its location within Gruene Crossing Office Park, a dense medical complex. Additionally, the tenant is within close proximity to Several hospitals including Christ’s Santa Rosa Hospital (115 beds), Resolute Hospital (128 beds) and PAM Health Specialty...

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Key Features

  • Build to suit

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Highway close

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...

Links

Christus Physicians Surgery Center Wikipedia New Braunfels, Texas Zip Code 78130 Broker Site Page

Documents

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

CHRISTUS Santa Rosa Physicians Ambulatory Surgery Centers are state-of-the-art outpatient surgery centers that are accredited by the Accreditations Associations for Ambulatory Health Care. Their...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,329 51,861 112,926
2023 Total Population : 7,938 44,274 96,613
2023 Employed Civilian Pop : 3,956 21,619 45,927
2023 Total Businesses : 534 2,334 3,817
2023 Average Household Income : $ 108,006 $ 104,942 $ 112,997
2023 Total Consumer Spending : $ 329 M $ 1621 M $ 3628 M
2023 Median Age : 39 37 38
2023 Total Households : 3,533 17,865 37,304
2023 Pop Age 25+: Bachelor's Degree : 1,254 7,806 18,179
2023 Average Home Value : $ 367,527 $ 368,910 $ 366,341
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hanz Drive Cotton Blvd 2021 3,643 0.36 mi
Post Rd N Kowald Ln 2010 730 0.57 mi
TX 121 Hwy 46 2020 120,228 0.61 mi
Post Rd 2021 103,128 0.62 mi
Post Rd 2021 6,070 0.63 mi
Common St Loop 337 2000 9,870 0.71 mi
Old FM 306 FM 306 2010 930 0.74 mi
I- 35 Frontage 2010 14,210 0.77 mi
Gruene Rd Industrial Dr 2010 4,490 0.81 mi
Lifehaus Industrial Dr Detex Dr 2010 570 0.83 mi

Listing Broker

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