1211 Tx-11 Loop Wichita Falls, TX

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 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 located in markets with 100k+ people, with some sites in markets with 300k+ people, providing an ample patient base. Texas offers advantages due to its tax-free status, allowing investors to maximize returns without state income taxes. Dental operators rarely relocate due to high build-out costs and difficulty in retaining patients. Healthcare properties are highly coveted investments due to their resilience in economic downturns and immunity to disruptions impacting traditional retail sectors, offering stability and consistent demand. The property is being offered at $309 per square foot.