421 S King St, Seguin, TX 78155

The property is a newly constructed, single-tenant medical facility located in Seguin, TX. The asset is leased to WellMed Medical Management, Inc., a wholly-owned subsidiary of UnitedHealth Group, with 10.2 years of remaining lease term. The lease features 3.00% annual rent increases and two, 2.5-year renewal options at fair market rent, not less than the prior term. The property serves as a full-scale medical center for WellMed, a physician-led network focused on senior care, established in 1990, which now operates more than 300 clinics and partners with over 16,000 physicians serving more than 1 million patients across Texas, Florida, and New Mexico. UnitedHealth Group reported $447.6 billion in revenue and holds an A+ credit rating (S&P) in FY2025. The property is strategically positioned adjacent to the Guadalupe Regional Medical Center. Seguin has emerged as a regional hub for healthcare, manufacturing, and retail, and is undergoing significant growth, including the development of a $75M+ mixed-use Town Center project and a pipeline of over 17,000 new residential units. Situated on a 2.0-acre parcel within a dense retail corridor and directly adjacent to a Walmart Supercenter, the property benefits from robust demographics, including a 3.6% annual population growth within a five-mile radius since 2020, a population of 66,760, and an average household income of $88,698 in a 5-mile radius. The property is a Class A, net leased healthcare asset backed by an A+ rated parent company, offering secure, long-term cash flow with limited landlord responsibilities in a rapidly expanding and strong medical market. The property size is 11692 square feet.