1201 E Expy 83 McAllen, TX
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Single-tenant medical property with long-term net lease in McAllen, TX.
Type:OFFICE
Property size:
12,996 SFLot size:
1.40 AcresPrice / SF:
$420/SF- Added:
- Sep 9, 2025
- Days on Market:
- 230
- Last Refresh:
- Apr 5 at 9:28 pm
Property Features for 1201 E Expy 83
General Information
- Standard status
- Active
- Size
- 12,996 SF
- Lot size
- 1.40 Acres
- Property subtype
- OFFICE
Listing agent Jereme Snyder License #01809955 (949) 724-5552
Listing office Colliers (949) 724-5552
Listing date Sep 9, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Overview
McAllen Medical Property For Sale
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.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Banfield Pet Hospital — 420 E Expressway 83, McAllen, TX 78503
- McAllen Urgent Vet — 101 E Expressway 83 Suite 140, McAllen, TX 78501
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2344
- Latitude
- 26.1884
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-tenant medical property with long-term net lease in McAllen, TX.
Where is this medical office space located?
The property is located at 1201 E Expy 83 McAllen, TX.
What is the asking price?
The asking price for this property is $5,469,000.
What are key features of this property?
This property features: Long‑term net lease with over 10 years remaining; Corporate guarantee from Humana, Inc. (NYSE: HUM); New construction (12,996 SF) on a large 1.63‑acre parcel
