Premier ER + UC – Waco, TX

Premier ER & Urgent Care
221 S Jack Kultgen Expy, Waco, TX, USA

Sands Investment Group is pleased to exclusively offer for sale Premier ER + UC Absolute NNN, located at 221 S Jack Kultgen Expressway in Waco, TX. The property features ~17 years of remaining term on an Absolute Triple Net (NNN) Master Lease with above-market annual rental increases and multiple extension options. The property is leased to Premier ER + Urgent Care, owned and operated by Intuitive Health, a proven and growing healthcare operator. This offering provides investors with long-term, stable cash flow in a strong Texas market.

  • High-Volume Location: January 2026 reported 6,300+ monthly visits, placing this location among the highest-performing emergency facilities in the market.
  • Located Just Off Interstate 35: One of the busiest north-south corridors in Texas providing exceptional access and visibility for both patients and ambulatory services.
  • Directly Across From Baylor University: Positioned steps from a major Division I university, providing a consistent and reliable patient base. The student count is 19,858.
  • Regional Healthcare Hub: Located 5 miles from Baylor Scott & White Medical Center, further strengthening long-term healthcare demand and referral dynamics.
  • Strong Population Base: Servicing a city population of 144,000+ and a metro population exceeding 300,000 residents within the greater Waco area.
  • Growing Central Texas Market: Strategically positioned between Dallas and Austin in a rapidly expanding corridor with continued population and economic growth.
  • Strong Hospitality and Visitor Demand: The property is surrounded by 600+ hotel rooms within a 1-mile radius, including national brands such as SpringHill Suites, Aloft, La Quinta, and Hotel Indigo, supporting consistent visitor traffic driven by Baylor University, Magnolia Market tourism, and the nearby I-35 corridor.
  • Strong Retail Corridor: The property is surrounded by a dense mix of national and regional retailers including In-N-Out Burger, Chick-fil-A, CAVA, Jersey Mike’s, Taco Bell, McDonald’s, Smoothie King, Dutch Bros Coffee, and CVS, providing convenient amenities for patients and staff while benefiting from strong daily traffic.
  • Strong Unit-Level Performance: Each Premier ER + Urgent Care location benefits from exceptionally strong underlying operating performance, providing investors with additional confidence in the real estate and long-term tenancy. Detailed unit-level financials and performance metrics are available to qualified investors upon execution of an NDA.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Premier ER & Urgent Care
221 S Jack Kultgen Expy, Waco, TX, USA

PREMIER ER + URGENT CARE

Premier ER + Urgent Care delivers high-quality medical services supported by rigorous care standards and a strong commitment to patient experience. Each clinic operates with strict quality control protocols and continuously seeks patient feedback to enhance service delivery. The organization emphasizes compassionate, patient-centered care, ensuring individuals receive both expert medical treatment and attentive support during times of illness or injury. Premier ER + Urgent Care offers a distinctive healthcare model that combines the clinical capabilities of a traditional emergency room with the accessibility and convenience of an urgent care clinic. This integrated approach helps ensure patients receive the most appropriate level of care for their medical needs.

Premier ER + Urgent Care was founded in 2015 and has four convenient locations in Central Texas, from Waco to Woodway, Temple and San Marcos. In 2023, Intuitive Health acquired Premier ER + Urgent Care to spread its growing network of hybrid care facilities from the Dallas area down through Central Texas. Premier bills patients based on the level of services actually provided. Urgent care visits are not billed as emergency services, helping patients avoid unnecessary medical costs while still receiving timely treatment. The organization’s patient first philosophy empowers medical teams to prioritize care quality, efficiency and overall patient satisfaction. This commitment to service has contributed to strong patient loyalty, with 94% of patients reporting they would recommend Premier ER + Urgent Care to friends or family.

Price

$6,488,896

Cap Rate

6.25%

PREMISES

8,622 SF

YEAR BUILT

2016

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

03/31/2043

Lease Type

NNN

RENTAL INCREASES

2.25% Annually in Years 1–10; 2.5% Annually in Years 11–20; Renewal Options at Lesser of 2% or FMR

BROKERS

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