Quality Care ER - Paris TX
2675 41st Street Southeast, Paris, TX, 75462, US
CHF 7,550,000 | 1,330 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the Woodland Heights Medical Office Portfolio, a unique opportunity to acquire a 4-asset collection of single-tenant net lease medical office properties, available individually or as a portfolio, fully leased to the Woodland Heights Medical Center, one of the largest employers in Lufkin and a wholly owned subsidiary of Community Health Systems (NYSE: CHS). Comprising over 45,000 square feet in Lufkin, TX, the Portfolio contains $1.1 million of net operating income with ±5.4 years of weighted average remaining net lease term. All assets are on separate leases with minimal landlord responsibilities and 2.0% annual rent escalations.
The Portfolio is comprised of a diagnostic imaging enter, former ambulatory surgical center, and medical clinic that are located adjacent to the 149-bed Woodland Heights Medical Center hospital, in addition to an urgent care and physical therapy / rehabilitation center situated as an outparcel to Sam’s Club and Walmart, which both see 6 million annual visitors combined.
This opportunity offers investors the ability to acquire a net lease portfolio of medical office assets in a tax-free state with an annually escalating rent stream backed by a wholly owned subsidiary of a top, national hospital operator.