WellMed Medical Office Building 600 Division Ave Bureau 1 098 m² À vendre San Antonio, TX 78214 3 044 558 € (2 773,94 €/m²) Taux de capitalisation 6,65 %

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant net lease medical office building leased to WellMed Medical Management, Inc., (the “Property”) in the urban core of San Antonio, Texas. This WellMed occupied property offers a rare combination of long-term stability, strong credit tenancy, and strategic location within San Antonio, Texas—an income tax-free state with a metro population exceeding 2.7 million. In 2025, WellMed proactively extended its lease by an additional five years, bringing the remaining term to over ten years, a clear demonstration of the tenant’s long-term commitment to the site. The lease features fixed annual rental increases of 2.5%, with a scheduled 5% rent increase in 2031 and at the commencement of the first renewal option period. WellMed Medical Management, Inc. is part of OptumCare, under Investment Grade UnitedHealth Group (S&P: A+), which reported Q1 2025 revenues of $109.6 billion—including $63.9 billion from Optum alone—highlighting strong financial backing. The property itself has benefited from recent capital improvements, including a new parking lot in 2024, HVAC system upgrades occurring between 2017 and 2022, and a roof replacement in 2017 with a transferable 15-year warranty. WellMed's acquisition and integration of the adjacent
medical practice further solidifies its success at this location, where it now occupies the entire building for their internal medicine division. As a part of their expansion, WellMed invested $1.5 million of their own capital in an entire new interior premises, which was taken down to studs and fully modernized. The site boasts exceptional accessibility, located just seconds from Interstate 35 (157,500 VPD)and just over a mile from the I-35/I-10 interchange, where I-10 carries 204,500 VPD. The property is located in a high-density area, with a population of approximately 127,000 within a 3-mile radius and 298,000 within 5 miles. The surrounding area also includes 45,000 households within 3 miles and 107,000 households within 5 miles, providing a strong residential base to support continued healthcare demand. Additionally, the property is less than three miles from St. Philip’s College Southwest Campus, part of the Alamo Colleges District, which enrolls over 12,500 students and enhances the local daytime population and demand for healthcare services.
NEWLY EXTENDED LONG-TERM LEASE (10+ YEARS REMAINING) – In 2025, WellMed proactively extended their lease by an additional five (5) years, resulting in a total remaining term of over ten (10) years. This early renewal underscores their strong commitment to this location.
ATTRACTIVE ANNUAL RENTAL INCREASES – The WellMed lease includes fixed annual rent escalations of two and one-half (2.50%) percent, with a five (5%) percent increase scheduled in 2031 and again at the start of their first renewal option period.
INVESTMENT GRADE CREDIT PARENT COMPANY (S&P: A+) – WellMed Medical Management, Inc. operates under OptumCare, a division of UnitedHealth Group, Inc. UnitedHealth Group holds an investment-grade credit rating of A+ from Standard & Poor’s. As of Q1 2025, UnitedHealth Group reported revenues of $109.6 billion, an increase of $9.8 billion year-over-year, with Optum generating $63.9 billion—up $2.8 billion from the previous year.
URBAN CORE SAN ANTONIO (INCOME TAX-FREE STATE) – Located in South San Antonio, the property benefits from its position in a major metropolitan area within Texas—an income tax-free state. The San Antonio metro area boasts a population of over 2.7 million residents, providing a strong and growing economic base.
RECENT CAPITAL IMPROVEMENTS & TENANT EXPANSION – The property has benefited from recent capital improvements, including a new parking lot in 2024, HVAC system upgrades occurring between 2017 and 2022, and a roof replacement in 2017 with a transferable 15-year warranty. WellMed's acquisition and integration of the adjacent medical practice further solidifies its success at this location, where it now occupies the entire building for their internal medicine division. As a part of their expansion, WellMed invested $1.5 million of their own capital in an entire new interior premises, which was taken down to studs and fully modernized allowing for no near term deferred maintenance.
PROXIMITY TO MAJOR INTERSTATE HIGHWAYS (I-35 & I-10) – Ideally situated just seconds from Interstate 35—a major north-south corridor with 157,500 vehicles per day (VPD)—the property offers excellent accessibility and visibility. It is also located just over one mile south of the I-35/I-10 interchange, where Interstate 10, the southernmost transcontinental highway, carries 204,500 VPD.
DENSELY POPULATED AREA – The property is located in a high-density area, with a population of approximately 127,000 within a 3-mile radius and 298,000 within 5 miles. The surrounding area also includes 45,000 households within 3 miles and 107,000 households within 5 miles, providing a strong residential base to support continued demand.
NEARBY HOSPITAL AND COLLEGE CAMPUS – Located less than 3 miles south of the property, the Baptist Health Hospital - Zarzamora, houses a state-of-the-art emergency department, inpatient beds, advanced imaging center and ambulatory service center. Also located less than 3 miles west of the property, the Southwest Campus of St. Philip’s College is one of two of the college’s campuses serving the local area. As part of the Alamo Colleges District, St. Philip’s College enrolls over 12,500 students, contributing to the area's daytime population and supporting demand for nearby medical services.
In cooperation with: Scott Lunsford Haire - Lunsford Capital Corp. (Texas Broker #9005889)