Webster Bank - $17.3MM Senior Care Loans
US - Murfreesboro, TN
$17,300,000 | 100,959 sf
Jones Lang LaSalle Americas, Inc is pleased to offer for sale the fee simple interest in the Action Behavior Centers autism therapy facility in Dallas-Fort Worth. Comprising ±7,714 square feet of newly-renovated medical office space, the facility located at 12201 Bear Plaza, Burleson, TX (the “Property”) will be home to Action Behavior Centers (“ABC” or “Tenant”), a high-quality and fast-growing applied behavior analysis therapy clinic for children with autism spectrum disorder. The Tenant is owned by Charlesbank Capital Partners, a Boston-based private equity firm, that acquired ABC at a valuation of ±$840 million in August 2022. The Tenant currently has ±144 therapy locations open or set-to-be-open across Texas, Colorado, Illinois, North Carolina, and Arizona.
Located in a highly desirable location just off Interstate 35 (126,500 vehicles per day), the Property is in a dense retail and medical-office corridor of Fort Worth surrounded by strong regional and national brands such as: AdventHealth Care Center, Fort Worth Heart, Texas Pathology Consultants, and Heritage Place Assisted Living. Notable retailers include Academy Sports + Outdoors, Best Buy, and Kohl’s as well as an H-E-B that is in the 90th Percentile of H-E-B grocery stores in the US by annual visits, per Placer.ai. Additionally, there are more than 153,000 residents with an average household income over $99,000 within a 5-mile radius of the Property.
Investors have the exceptional opportunity to invest in a mission-critical medical office asset in a high-growth market and dense medical-oriented sub-market, further supported by 3.00% annual rent escalators, a fair market value rent reset at renewal, and minimal landlord responsibilities.
OPTIMAL LOCATION IN A DENSE MEDICAL CORRIDOR WITH STRONG DEMOGRAPHICS
HEDGE AGAINST INFLATION WITH 3.00% ANNUAL ESCALATORS AND FMV OPTION
TENANT EXPERIENCING ROBUST GROWTH WITH STRONG PRIVATE EQUITY BACKING
DEFENSIVE MEDICAL OFFICE ASSET WITH STRONG NET LEASE FUNDAMENTALS