This NNN Leased Investment property in Amarillo, TX is a great opportunity for 1031 exchange or Institutional buyers.
Tenant: BSA Hospital (Owned by publicly traded Ardent Health Inc.)
5 year lease term (commenced February 2026)
2% annual increases
Average net income of $294,083.27
Cash on Cash return of 6.69%
NNN Lease (excluding Roof and Structural)
Starting rate of $15.88 psf (below market)
Located directly across the street from BSA Hospital
Within 250 yards of BSA Hospital which qualifies the Tenant as on On-Campus Hospital Outpatient Department (HOPD) which allows the Tenant to charge "hospital rates" and "facility fees"