Financially Sound Tenant – Highest Credit Ratings By All 3 Rating Agencies
The U.T. System has the highest possible rating levels by all 3 rating agencies for both long-term and short-term debt.
Over $2.25B in Total Revenue (FY2018)
UTMB has a $3.3 billion annual statewide economic impact
Total Endowments of over $573M (FY2018)
COVID-19 & Internet Resistant Tenant
Tenant provides an Essential Service and has remained open for business and paying rent.
UTMB is resistant to ecommerce, like Amazon, providing long term security to any landlord.
Newly Redeveloped Building and Improvements
Tenant and Landlord spent over $3M in the redevelopment of the existing building.
Tremendous security with the tenant’s significant investment into the building and tenant improvements
Highly Recognized Tenant With 125+ Year History in Texas
Since opening in 1891, UTMB has stood with Texas serving as a major provider of health care for Texans and their families; and innovating the future of how care is delivered.
What began as one hospital and medical school building in Galveston is now a major academic health sciences center of global influence.
High Traffic Counts
132,577 cars per day along Interstate 10
22,380 cars per day at the signalized intersection
Medical District
UTMB is situated directly in the middle of a Medical District housing a number of local and regional medical facilities, offices and hospitals.
CHRISTUS Southeast Texas Hospital – Largest Magnet hospital between Houston and Baton Rouge.
Baptist Hospitals of Southeast Texas – Served Southeast Texas for over 65 years, growing to over 1500 employees.
Well Located – Excellent Demographics
UTMB is ideally located just west of Interstate 10 and benefits from its location near the highway situated at the signalized intersection of two major thoroughfares.
Benefits from its densely populated trade area with 111,484 people within the 5-mile radius.
Brand New Long-Term NNN Lease
An investor will benefit from the long term, 10-year, NNN lease.
Minimal Landlord responsibilities, ideal opportunity for any passive investor.
