WellMed

Pleasanton is in Atascosa County and conveniently located on U.S. Highway 281,30 miles south of San Antonio. In 2020, Pleasanton, TX had a population of 10.7k people with a median age of 33.5 and a median household income of $65,000. Between 2019 and 2020 the population of Pleasanton, TX grew from 10,557 to10,703, a 1.38% increase and its median household income declined from $65,016 to $65,000, a −0.0246% decrease. In 2020, the median property value in Pleasanton, TX was $157,000, and the home ownership rate was 70.1%.Most people in Pleasanton, TX drove alone to work, and the average commute time was 27.2 minutes. The economy of Pleasanton, TX employs 3.67k people. The largest industries in Pleasanton, TX are Mining, Quarrying, & Oil & Gas Extraction (760 people), HealthCare & Social Assistance (555 people), and Accommodation & Food Services (514 people), and the highest paying industries are Utilities ($81,903), Transportation & Warehousing, & Utilities ($80,205), and Manufacturing ($64,777).Fortis Net Lease is pleased to present this 7,904 SF WellMed Health Care facility located at 1030 Bensdale Road in Pleasanton, Texas. The property is encumbered with a 12 year double net (NN) lease with $.50/SF annual increases, including the 3-year renewal option and the five-year renewal option. The NN lease structure requires minimal landlord responsibilities and is corporately guaranteed by WellMed which has 383 locations and saw a gross profit in 2020 of $1.64 Billion. The initial 10 year primary term was extended to twelve years after a 1,904 SF expansion was completed in 2019. This location is highly visible as it is strategically at the corner of Bensdale Rd. (8,197 VPD) and West Rd. Bensdale Road is a is a main artery in Pleasanton. The five mile population is exceeds 18,000 with the three mile average household income is over $79,800. Pleasanton is seeing population growth in the next five years of 2.5% annually. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant.