Log In/Sign Up
Your email has been sent.
HCA Surgery Center | 6.64% Avg. Cap Rate 8900 Medical City Way 19,708 SF 100% Leased Office Building Fort Worth, TX 76177 $14,419,854 CAD ($731.68 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- On-Campus Fee Simple ASC – The facility sits on the campus of the Medical City Alliance Hospital, a 165-bed facility
- New Construction Build-to-Suit – Delivered in 2021, the property was purpose built to accommodate the tenant’s specialized services
- Recession-Resistant Asset Class – The non-discretionary nature of medical care and its resilience during economic uncertainty
- Leading National Health System Operator – HCA Healthcare is one of the largest healthcare systems operating in Texas
- Long-Term NNN Lease – The tenant signed an original 15-year lease in 2021, demonstrating its long-term commitment to the location.
- Inflation-Protected Cash Flow – The lease features 2% annual rent increases, offering investors built-in income growth
EXECUTIVE SUMMARY
Matthews™ Healthcare Division is pleased to offer the opportunity to acquire a state-of-the-art, ambulatory surgery center (ASC) operated by HCA Healthcare. This is a 100% fee simple interest investment on a 3.45-acre parcel of land in one of Fort Worth’s most affluent and high-growth sub-markets.
This 19,708 SF ASC is located on the Medical City Alliance Hospital campus, a 165-bed award-winning facility which completed a $53M expansion in 2021 to enlarge its emergency room and increase licensed beds. The on-campus nature translates to enhanced patient convenience, accessibility, and overall quality of care, ultimately positioning a future landlord with an extremely sticky and reliable investment. The facility is an acute surgery center that focuses on orthopedic, otolaryngology, endoscopy, gastroenterology, gynecology, spine and general surgery, which benefits from exposure to multiple high-growth specialties. This diversification mitigates risk, broadens referral networks, and strengthens long-term stability and investor appeal.
Medical City Healthcare is the North Texas division of HCA Healthcare and one of the largest and most comprehensive healthcare systems in the region with 22 hospitals, 5,500 active physicians, and over 17,000 employees. HCA operates approximately 190 hospitals and 2,400 ambulatory care sites spanning 20 states in the U.S. as well as across the U.K. This scale demonstrates a vast reach, with a diversified mix of inpatient and outpatient care delivery capabilities. The company holds an investment-grade credit rating of BBB- from S&P and generated around $70.6 billion in revenue in 2024.
There are over 11 years remaining on a 15-year lease which began in 2021, when the building was built. The lease features a NNN lease, with minimal landlord responsibilities, and 2% annual rental increases.
Given the features mentioned above, this is a highly compelling opportunity for investors seeking a stable asset backed by a high-caliber operator.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
This 19,708 SF ASC is located on the Medical City Alliance Hospital campus, a 165-bed award-winning facility which completed a $53M expansion in 2021 to enlarge its emergency room and increase licensed beds. The on-campus nature translates to enhanced patient convenience, accessibility, and overall quality of care, ultimately positioning a future landlord with an extremely sticky and reliable investment. The facility is an acute surgery center that focuses on orthopedic, otolaryngology, endoscopy, gastroenterology, gynecology, spine and general surgery, which benefits from exposure to multiple high-growth specialties. This diversification mitigates risk, broadens referral networks, and strengthens long-term stability and investor appeal.
Medical City Healthcare is the North Texas division of HCA Healthcare and one of the largest and most comprehensive healthcare systems in the region with 22 hospitals, 5,500 active physicians, and over 17,000 employees. HCA operates approximately 190 hospitals and 2,400 ambulatory care sites spanning 20 states in the U.S. as well as across the U.K. This scale demonstrates a vast reach, with a diversified mix of inpatient and outpatient care delivery capabilities. The company holds an investment-grade credit rating of BBB- from S&P and generated around $70.6 billion in revenue in 2024.
There are over 11 years remaining on a 15-year lease which began in 2021, when the building was built. The lease features a NNN lease, with minimal landlord responsibilities, and 2% annual rental increases.
Given the features mentioned above, this is a highly compelling opportunity for investors seeking a stable asset backed by a high-caliber operator.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
19,708 SF
Building Class
B
Year Built
2021
Price
$14,419,854 CAD
Price Per SF
$731.68 CAD
Cap Rate
6%
NOI
$865,018 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
19,708 SF
Building FAR
0.15
Lot Size
2.94 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
As part of HCA (NYSE: HCA), they lead the industry in putting patients first. Their physicians, staff and hospital leaders are committed to offering patients and their families hope and healing through quality care and advanced technology. To that end, they work every day to ensure an environment where their physicians provide strength, expertise and experience, and their partners are entrusted to act with absolute integrity. Medical City Healthcare is committed to providing excellent care that is convenient and accessible. Their focus on patient safety and quality is grounded in evidence-based medicine and is delivering better outcomes for their patients every day. As part of their continuous quality improvements, Medical City Healthcare benchmarks their rankings in emergency department wait times, door-to-balloon times and key service line indicators as reported by CMS.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 06519393 | Improvements Assessment | $6,772,243 CAD |
| Land Assessment | $3,142,579 CAD | Total Assessment | $9,914,822 CAD |
PROPERTY TAXES
Parcel Number
06519393
Land Assessment
$3,142,579 CAD
Improvements Assessment
$6,772,243 CAD
Total Assessment
$9,914,822 CAD
CONTACTS
-
Rahul Chhajed -
Andrew Fagundo -
Tyler Swade -
Michael Moreno -
Matthews Real Estate Investment Services
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
HCA Surgery Center | 6.64% Avg. Cap Rate | 8900 Medical City Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.