Texas Health Emergency Room, Wylie Texas
This recently completed new construction property is 100% leased to Adeptus Health Inc. (NYSE: ADPT) on a 20-year triple net lease with (7) 5 year renewal options. Adeptus Health Inc. (NYSE:ADPT) owns and operates First Choice Emergency Room in Texas.
A joint venture between Texas Health, the largest health care system in North Texas, and Adeptus Health, the nation’s leading operator of freestanding emergency rooms that gives more choices when it comes to quality, convenient emergency care closer to home. Strategically located within communities for optimal access, Adeptus operates more than 30 emergency rooms in Dallas, Denton, Tarrant, and Collin counties. Each equipped with a full radiology suite, including CT scanner, digital X-ray and ultrasound. The ERs also have on-site laboratory capabilities and are staffed with board-certified physicians and emergency-trained registered nurses. So unlike urgent care centers, they can provide care for true medical emergencies 24/7.
Wylie, Texas is a suburb of Dallas with strong demographics favorable for the property use and a projected 14+ percent five-year population growth. The property is part of the area’s main retail artery and is surrounded by retailers including: CVS, Home Depot, Chase Bank, and Walgreens.