CHRISTUS Health System
2010 Bill Owens Pkwy
Longview, TX 75604
Highlights
- Christus Health System - Longview, TX
- Strong Credit Single Tenant MOB
- Tenant Recently Exercised 5-Year Extension
- Christus Health has an "A" Rating From Moody's
- Attractive 2% Annual Rental Increases
- After Acquiring Good Shepherd Hospital in 2017 Christus Became a Dominant Health Care Provider for Longview and East Texas Operating 8 Hospitals and Over 80 Clinics
- 80,000+ Residents within 5 Miles of Property
- High Quality Brick/Stone Construction
Description
Trinity Real Estate Investment Services is pleased to present the rare opportunity to acquire an Medical Office Building with Investment Grade Credit that features 2% annual rental increases. Mother Frances Regional Health Care Center is a subsidiary of Christus Health, which features a Moody's A-1 Rating. The signed an absolute NNN lease that has over 5 years remaining on the current term.
The Subject Property is located adjacent to the intersection of Bill Owens Parkway and H G Mosley Parkway (17K+ VPD) in Longview, Texas. The property benefits from the 7,500 residents living within 1 mile of the property and being strategically located near several large residential neighborhoods. The property was a strategic acquisition of Christus Health as it continues it's expansion of East Texas.
Longview is a city in East Texas and has a population over 82,000 and is one of the largest cities east of Dallas in the state of Texas.
