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100 N Green Valley PkwyHenderson, NV 89074
Parkway Medical Plaza
Asset ClassHealthcare Facility
Square Feet89,249
overview of deal

Overview

Jones Lang LaSalle Brokerage, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in Parkway Medical Plaza (the “Property” or “PMP”), an 89,249 square foot outpatient medical building and ambulatory surgery center in Henderson, Nevada, the most desirable suburb in the Las Vegas MSA. The Property is 100% leased and anchored by Parkway Surgery Center, a joint venture between Dignity Health - St. Rose Dominican (S&P: A-) and United Surgical Partners International (“USPI”), the largest surgery center operator in the United States with interests in over 520 ASCs and 25 surgical hospitals.

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Investment Highlights

  • Best-in-Class Institutional-Quality Asset 89,249 SF medical outpatient building anchored by Dignity Health (S&P: A), strategically located just four miles from Dignity Health’s 326-bed St. Rose Dominican Hospital (Siena Campus) to the south, and between Dignity’s San Martin and Rose de Lima campuses to the east and west, respectively
  • High-Performance Ambulatory Surgery Center Anchor 19,319 SF Parkway Surgery Center operated by Dignity Health/USPI joint venture ranks 11th in Nevada by case volume, with exceptionally strong average billed per discharge and 86.9% insurance/private pay
  • Diversified Medical Tenant Mix Synergistic healthcare tenant roster including ambulatory surgery, and specialty practices creating substantial cross-referral opportunities and barriers to exit
  • Significant capital investment and upgrades over $1M in recent capital improvements including elevator modernization, roof and HVAC upgrades, additional building automation, and common area renovations
  • Strong Healthcare Real Estate Market 94%+ medical outpatient occupancy rate within 1 mile and 2.9% annual market rent growth, supported by Henderson's aging population and influx of affluent retirees driving healthcare demand
  • Exceptional Location Within Successful Master Plan Located in Henderson's affluent Green Valley community with median household income of $99,309 (29% above US average) and strong population density of 153,000 within 3 miles
  • Las Vegas Economic Boom Tailwinds Market benefiting from $4B+ in sports and entertainment investments including Allegiant Stadium, Formula 1, and planned MLB stadium, driving population growth projected at 3x the national average
100 N Green Valley PkwyHenderson, NV 89074

Contacts

Hank HuangDirector

License #: NV RE License #BS.146848

702-522-5110hank.huang@jll.com
Bryan McKenneyFounder & President

License #: NV RE License #B.1002747

702 475 4945bryan@medwestrealty.com
Stacey HallLandlord Broker

License #: NV RE License #01924089

949 331 0845stacey@medwestrealty.com

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Listing provided by Revere CRE