Elstar Dental 1301 E US Highway 83 7,500 SF Office Building McAllen, TX 78501 $3,110,000 ($414.67/SF) 6.99% Cap Rate

Corporate Guaranty from New Benevis Smiles, LLC | Backed by New Mountain Capital, a top-decile private equity firm with more than $55 billion in assets under management, providing institutional sponsorship behind one of the nation’s largest dental platforms
Premier McAllen Retail Location | Positioned in the heart of McAllen’s premier retail corridor, directly along US Highway 83 and surrounded by the city’s highest concentration of national retailers, restaurants, and regional shopping destinations
Dominant Retail Position | Outparcel to Home Depot and Ashley Furniture and directly across from Pharr Town Center (460,000 SF), home to Academy, TJ Maxx, Ross, Five Below, Main Event, World Market, and numerous other national retailers
High-Visibility Signalized Intersection | Excellent frontage along US Highway 83 with exposure to more than 22,000 vehicles per day
Demonstrated Long-Term Tenant Commitment | Tenant recently invested in a complete 2024 renovation while consolidating two existing locations into this flagship McAllen practice
Long-Term NN Lease | Over 6 years of remaining lease term with limited landlord responsibilities (roof & structure only)
Built-In Rental Growth – Two (2) five-year renewal options featuring 10% rental increases
Dense & Affluent Trade Area | More than 238,000 residents within a 5-mile radius with average household incomes exceeding $77,000
Healthcare Real Estate with Essential-Service Tenant | Dental services provide recession-resistant demand driven by recurring patient care and favorable long-term demographics
Regional Economic Driver | McAllen serves as the commercial and healthcare hub of the Rio Grande Valley and a primary gateway for U.S.–Mexico trade, supporting continued population and retail growth