Freestanding Emergency Center
For Sale
Contact for pricing
7905 Milwaukee Ave, Lubbock, TX 79424
Freestanding Emergency Center leased to Covenant Health System, classified and billed as a Hospital Outpatient Department.
Days on Market995
Property Features for 7905 Milwaukee Ave
General Information
Standard status
Active
Property subtype
OFFICE
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
Egenbacher Real Estate
(806) 786-3420
Listed By:
Randy Egenbacher
(806) 786-3420
Source:
Moodyscre
Added: Nov 8, 2023
Changed: Jul 28
Last Checked: Jul 30 at 12:29PM
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 Egenbacher Real Estate
Investment Insights
Based on property information with market context.
This freestanding emergency center facility is leased to Covenant Health System under a corporate-entity tenant. Although labeled as a Freestanding Emergency Center (FSEC), the property is classified, treated, and billed as a Hospital Outpatient Department (HOPD), as if it were an on-campus facility.
The tenant is described as Covenant Health System, identified in the materials as the largest healthcare institution in West Texas and Eastern New Mexico. The remarks further state Covenant Health System is part of Providence St. Joseph Health System.
Additional tenant information included with the offering notes Covenant Health as having a BBB credit rating and references to U.S. News and World Report best hospital ranking within Northwest Texas. The materials also describe Covenant Health System’s network size and annual emergency room visit volumes.
The tenant is described as Covenant Health System, identified in the materials as the largest healthcare institution in West Texas and Eastern New Mexico. The remarks further state Covenant Health System is part of Providence St. Joseph Health System.
Additional tenant information included with the offering notes Covenant Health as having a BBB credit rating and references to U.S. News and World Report best hospital ranking within Northwest Texas. The materials also describe Covenant Health System’s network size and annual emergency room visit volumes.
Key Highlights
- Leased freestanding emergency center with Covenant Health System as the tenant
- Facility is classified, treated, and billed as a Hospital Outpatient Department (HOPD), rather than as an FSEC
- Covenant Health System is part of Providence St. Joseph Health System (AA- credit rating) and has a BBB credit rating
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hospital - Freestanding Emergency Center leased to Covenant Health System, classified and billed as a Hospital Outpatient Department.
Where is this hospital located?
The property is located at 7905 Milwaukee Ave Lubbock, TX.
What are key features of this property?
This property features: Leased freestanding emergency center with Covenant Health System as the tenant; Facility is classified, treated, and billed as a Hospital Outpatient Department (HOPD), rather than as an FSEC; Covenant Health System is part of Providence St. Joseph Health System (AA- credit rating) and has a BBB credit rating
