Fremont Health Center for Wound Healing provides specialized treatment for chronic or non-healing wounds and sores that have not significantly healed during the course of conventional treatment. These wounds can cause severe health risks and may result in life-threatening infections, possible amputation and debilitating health problems. State-of-the-art treatment is provided at the wound center, giving people with slow-healing wounds new treatment options. The comprehensive approach can heal wounds that have resisted other treatments, and help avoid loss of limbs, and reduce the incidence of recurrence. The Wound Center is on the campus of Fremont Medical Center.
The opportunistic acquisition was a result of a long-term relationship with the commercial real estate broker who represented the site and contacted Bedrock before marketing to the public. The primary lease term expires in 2027 and provides our partners an initial 7.25% unleveraged return on investment (ROI) that will increase at a rate of 3.0% per year. The seller was preparing for retirement and is liquidating his real estate portfolio.
The Fremont Health Center System was purchased by the Nebraska Methodist Hospital Group after Bedrock’s acquisition of the facility.
This Bedrock Investments Group’s (BIG) acquisition served as the “up-leg” of a 1031 exchange for the proceeds from Goodyear Tire and Rubber location in Cape Coral Florida. The 3,500 square foot freestanding facility was built in 2016 and is leased to Aspen Dental under the terms of a 10-year agreement. The site is strategically located directly across the street from the Marshalltown Mall and Walmart Supercenter on Highway 14 (S Center St), which is the main retail corridor through Marshalltown. Nearby tenants include: Burger King, Subway, Aldi, Advance Auto Parts, Wells Fargo, UPS, Hobby Lobby, JC Penney, Arby’s, Papa Murphy’s, Goodwill, Kay Jewelers, Domino’s, AT&T and Walmart Supercenter. The site has excellent demographics with a population of over 29,165 residents with an average household income of $65,963 within a 5-mile radius of the facility.
This 4,231 square foot freestanding urgent care facility is leased to Hendrick Health System, the largest employer in Abilene. The site is ideally positioned on the signalized hard corner of 13th Street and Pine.
The Hendrick Urgent Care acquisition is an up leg to a 1031 exchange for a Bedrock LLC. and a Tenants in Common partner. Construction was completed in May 2020 under the terms of a 15-year NNN lease.
Hendrick Health System is affiliated with the Baptist General Convention of Texas. For more than 95 years, the Hendrick Health System name has been the healthcare leader in the Texas midwest. The adjacent Hendrick Medical Center is licensed for 540 beds, with a women’s center, rehabilitation hospital, cancer center, hospice center, NICU and numerous other innovative services.
The urgent care facility is also located adjacent to the Texas Tech University Hospital. The campus has a school of pharmacy and a school of nursing, in addition, Hendrick has bought a number of properties to build a block of state-of-the-art apartment housing for students attending the Abilene campus of Texas Tech Health.