Hendrick Regional Health

1018 North 13th Street | Abilene, Texas

Case Study

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.

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