Baylor Scott & White Leased Portfolio 4 biens | Localisations multiples

RK Marshall is pleased to present the opportunity to acquire a portfolio of four, net-leased healthcare real estate assets occupied by Baylor Scott & White Health (BSWH), a renowned and respected non-profit healthcare system serving Texas. The 4 buildings presented total 34,198 square feet of 100% occupied, NNN leased real estate, and include clinical and pharmaceutical uses and occupancy, strategically located to serve a diverse and rapidly growing community in Central Texas.
Each building was originally designed and constructed to the precise specifications and standards as build to suits for BSWH, with a custom approach to design and construction to ensure long term tenant satisfaction and occupancy. The properties have enjoyed long-standing and stable, historical occupancy. Located in Temple, Belton and Salado, Texas, which are all situated in Bell County, the portfolio offers a combination of geographical diversity in the region, yet remain as beneficiaries to strong regional growth in the area and remain in close proximity to the BSWH Central Texas Headquarters, located in Temple, TX. Located approximately 50 miles north of Austin, Bell County and each of these cities have all enjoyed abundant growth with no signs of slowing momentum and BSWH has enjoyed a dominant role as the premier healthcare provider and system in Bell County.
BSWH has leased these assets since they were constructed. Each building was initially leased on a 10 year lease term with 5 year renewal options and BSWH has renewed these leases multiple times. Lease expirations for this portfolio are approaching (2028 - 4 leases and 2030 - 1 lease), presenting a great opportunity for a buyer to continue successive renewal periods and enjoy inflation adjusted cash flow. Excellent underlying real estate, quality construction, limited clinical and pharmacy space available in the market, and the capital inefficiencies associated with new construction strongly support the thesis of continued, ongoing renewals and long-term BSWH occupancy.
The offering includes 100% fee simple interest in all four properties, affording a buyer the opportunity to benefit from BSWH’s growth in the region and long-term occupancy.