WellMed - Seguin, TX

JLL is pleased to offer the opportunity to acquire WellMed Seguin, a newly constructed, single-tenant medical facility located at 421 S King St, Seguin, TX (the “Property” or “Asset”). The Asset is leased to WellMed Medical Management, Inc. (“Tenant”), a wholly-owned subsidiary of UnitedHealth Group, with 10.2 years of remaining lease term, featuring 3.00% annual rent increases and two, 2.5-year renewal options at fair market rent, not less than the prior term.

The Property serves as a full-scale medical center for WellMed, a leading physician-led network focused on senior care. Established in 1990, WellMed now operates more than 300 clinics and partners with over 16,000 physicians serving more than 1 million patients across Texas, Florida, and New Mexico. Financial stability is enhanced by UnitedHealth Group’s backing, which reported $447.6 billion in revenue and holds an A+ credit rating (S&P) in FY2025.

The Asset is strategically positioned adjacent to the Guadalupe Regional Medical Center, the primary healthcare provider for a seven-county South Central Texas region. Seguin has emerged as a regional hub for healthcare, manufacturing, and retail, and is undergoing significant growth, including the development of a $75M+ mixed-use Town Center project and a pipeline of over 17,000 new residential units.

Situated on a 2.0-acre parcel within a dense retail corridor and directly adjacent to a Walmart Supercenter, the Property draws benefits from robust demographics, including a 3.6% annual population growth within a five-mile radius since 2020, a population of 66,760, and an average household income of $88,698 in a 5-mile radius.

This investment provides the opportunity to acquire a Class A, net leased healthcare asset backed by an A+ rated parent company. The Property offers secure, long-term cash flow with limited landlord responsibilities in a rapidly expanding and strong medical market.