Nova Medical Center

5900 Interstate 20 West | Arlington, Texas

Case Study

Bedrock Investments Group (BIG) had the opportunity to acquire this freestanding, 7,400 sf medical buildings built in 1985/2015 on .975 acres (42,471 sq ft, 5.74% coverage). The Nova Medical Center is a beautiful well-located facility leased to Nova Medical Centers in Arlington, Texas. Nova Medical Centers has operated at this location since 2014 and, prior to moving in, the building was remodeled with more than $500,000 spent on the tenant’s interior finish-out. Nova Medical Centers recently executed a new 10-year lease The former owner replaced the roof in 2015. Nova Medical Centers began as a single facility formed 20 years ago in Conroe, Texas, to provide the highest level of healthcare to patients suffering from musculoskeletal injuries. Currently, Nova treats more than 40,000 injuries each year and has more than 600,000 patient visits in 12 months. Nova operates more than 47 occupational medicine facilities across Texas, Georgia, Tennessee, and Indiana. Nova Medical Centers is positioned where Interstate 20 and Little Road merge, with combined traffic counts in excess of 210,000 vehicles per day. The property has excellent visibility and great ingress and egress from Interstate 20. The area is extremely dense with more than 209,000 residents within a five-mile radius and an average household income of approximately $76,076. Surrounding retailers include Walmart Supercenter, Walgreens, McDonald’s, Sprouts, AutoZone, Starbucks, and Albertsons.

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