1748 S Triviz Dr Las Cruces, NM 88001

This healthcare property offers investors the advantage of zero landlord responsibilities for operating and capital expenses. This structure ensures a hands-off investment, providing stable, predictable cash flow while eliminating the financial risk associated with property upkeep, making it an ideal choice for those seeking a secure and low maintenance investment. The lease has over 10 years of term with four, five-year renewal options. The operator is generating a robust rent coverage ratio across all units. The lease is jointly and severally guaranteed by SPEs for 16 of the operator’s 24 active locations. The properties are predominantly located in markets with 100k+ people, with a few of the sites being located in markets with 300k+ people, providing an ample patient base to support the operator’s business. Dental operators rarely relocate due to high build-out costs and difficulty in returning the same patients after moving. Healthcare properties are highly coveted investments due to their resilience in economic downturns and their relative immunity to the disruptions that have impacted traditional retail sectors. Unlike many retail properties that have been affected by the rise of e-commerce and changing consumer habits, healthcare facilities tend to offer more stability and consistent demand. Their essential nature ensures a steady stream of tenants and patients, making them a reliable asset class even in challenging economic conditions. The property is offered at an attractive basis for dental properties which have high cost buildouts.