1201 Expressway 83 E McAllen, TX 78503

This single-tenant property in McAllen, TX, is net-leased to CenterWell Senior Primary Care Center, a subsidiary of Humana, Inc. The property features a new-construction building of 12,996 square feet on a 1.63-acre parcel. The net lease has over 10 years remaining in the primary term, with four 5-year option periods and 10% rental increases every 5 years during option periods. Landlord responsibilities are limited. The property is positioned as an outparcel to The Home Depot and Jackson Palmer Crossing Shopping Center. It is located along E Expressway 83, which sees over 29,200 vehicles per day, and is adjacent to Interstate 2, with over 121,400 vehicles per day. Nearby retailers include Walmart Supercenter, Sam’s Club, Target, Costco, Lowe’s Home Improvement, Dick’s Sporting Goods, Topgolf, Chase Bank, Bank of America, McDonald’s, Chick-fil-A, Raising Cane’s, Chipotle, and Whataburger. This property is suitable for investors seeking a long-term medical/retail asset with a corporate guarantee.