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HCA Surgery Center | 6.64% Avg. Cap| Rate 8900 Medical City Way 19,708 SF 100% Leased Office Building Fort Worth, TX 76177 $10,330,000 ($524.15/SF) 6% Cap Rate
Investment Highlights
- On-Campus Fee Simple ASC – The facility sits on the campus of the Medical City Alliance Hospital, a 165-bed facility
- New Construction Build-to-Suit – Delivered in 2021, the property was purpose built to accommodate the tenant’s specialized services
- Recession-Resistant Asset Class – The non-discretionary nature of medical care and its resilience during economic uncertainty
- Leading National Health System Operator – HCA Healthcare is one of the largest healthcare systems operating in Texas
- Long-Term NNN Lease – The tenant signed an original 15-year lease in 2021, demonstrating its long-term commitment to the location.
- Inflation-Protected Cash Flow – The lease features 2% annual rent increases, offering investors built-in income growth
Executive Summary
Matthews™ Healthcare Division is pleased to offer the opportunity to acquire a state-of-the-art, ambulatory surgery center (ASC) operated by HCA Healthcare. This is a 100% fee simple interest investment on a 3.45-acre parcel of land in one of Fort Worth’s most affluent and high-growth sub-markets.
This 19,708 SF ASC is located on the Medical City Alliance Hospital campus, a 165-bed award-winning facility which completed a $53M expansion in 2021 to enlarge its emergency room and increase licensed beds. The on-campus nature translates to enhanced patient convenience, accessibility, and overall quality of care, ultimately positioning a future landlord with an extremely sticky and reliable investment. The facility is an acute surgery center that focuses on orthopedic, otolaryngology, endoscopy, gastroenterology, gynecology, spine and general surgery, which benefits from exposure to multiple high-growth specialties. This diversification mitigates risk, broadens referral networks, and strengthens long-term stability and investor appeal.
Medical City Healthcare is the North Texas division of HCA Healthcare and one of the largest and most comprehensive healthcare systems in the region with 22 hospitals, 5,500 active physicians, and over 17,000 employees. HCA operates approximately 190 hospitals and 2,400 ambulatory care sites spanning 20 states in the U.S. as well as across the U.K. This scale demonstrates a vast reach, with a diversified mix of inpatient and outpatient care delivery capabilities. The company holds an investment-grade credit rating of BBB- from S&P and generated around $70.6 billion in revenue in 2024.
There are over 11 years remaining on a 15-year lease which began in 2021, when the building was built. The lease features a NNN lease, with minimal landlord responsibilities, and 2% annual rental increases.
Given the features mentioned above, this is a highly compelling opportunity for investors seeking a stable asset backed by a high-caliber operator.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
This 19,708 SF ASC is located on the Medical City Alliance Hospital campus, a 165-bed award-winning facility which completed a $53M expansion in 2021 to enlarge its emergency room and increase licensed beds. The on-campus nature translates to enhanced patient convenience, accessibility, and overall quality of care, ultimately positioning a future landlord with an extremely sticky and reliable investment. The facility is an acute surgery center that focuses on orthopedic, otolaryngology, endoscopy, gastroenterology, gynecology, spine and general surgery, which benefits from exposure to multiple high-growth specialties. This diversification mitigates risk, broadens referral networks, and strengthens long-term stability and investor appeal.
Medical City Healthcare is the North Texas division of HCA Healthcare and one of the largest and most comprehensive healthcare systems in the region with 22 hospitals, 5,500 active physicians, and over 17,000 employees. HCA operates approximately 190 hospitals and 2,400 ambulatory care sites spanning 20 states in the U.S. as well as across the U.K. This scale demonstrates a vast reach, with a diversified mix of inpatient and outpatient care delivery capabilities. The company holds an investment-grade credit rating of BBB- from S&P and generated around $70.6 billion in revenue in 2024.
There are over 11 years remaining on a 15-year lease which began in 2021, when the building was built. The lease features a NNN lease, with minimal landlord responsibilities, and 2% annual rental increases.
Given the features mentioned above, this is a highly compelling opportunity for investors seeking a stable asset backed by a high-caliber operator.
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
19,708 SF
Building Class
B
Year Built
2021
Price
$10,330,000
Price Per SF
$524.15
Cap Rate
6%
NOI
$619,676
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
19,708 SF
Building FAR
0.15
Lot Size
2.94 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Medical City Healthcare is a major regional healthcare network headquartered in Dallas, Texas. It operates as part of HCA Healthcare (NYSE: HCA), one of the largest healthcare systems in the United States. Medical City Healthcare encompasses 22 hospitals, multiple off-campus emergency rooms, ambulatory surgery centers, and more than 50 CareNow® urgent care clinics across North Texas. The network provides a wide range of services, including trauma care, cardiovascular treatment, pediatrics, oncology, and specialized surgical procedures. With a workforce of over 16,500 employees, 5,000 active physicians, and 7,000 nurses, the system serves millions of patients annually through inpatient and outpatient care. Medical City Healthcare emphasizes advanced technology, patient safety, and comprehensive care delivery, positioning itself as a leading healthcare provider in the Dallas-Fort Worth metroplex.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
Property Taxes
| Parcel Number | 06519393 | Improvements Assessment | $4,799,605 |
| Land Assessment | $2,227,200 | Total Assessment | $7,026,805 |
Property Taxes
Parcel Number
06519393
Land Assessment
$2,227,200
Improvements Assessment
$4,799,605
Total Assessment
$7,026,805
Contacts
-
Rahul Chhajed -
Andrew Fagundo -
Tyler Swade -
Michael Moreno -
Matthews Real Estate Investment Services
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HCA Surgery Center | 6.64% Avg. Cap| Rate | 8900 Medical City Way
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