Biomat USA 114 W 9th St

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property positioned within the McAllen MSA in Mission, Texas. Biomat USA has been operating at this location since 2017 when they signed a 10-year lease. The current lease runs through May 2027 and features significant 3% annual rental escalations throughout the remaining term, along with three 5-year renewal options. The lease is triple net and features no landlord responsibilities. Additionally, Texas is an income tax free state.
The 13,858-square-foot building benefits from its location just off the intersection of West 9th Street and North Conway Avenue, which together experience over 27,900 vehicles per day. Several nationally recognized tenants occupy the same intersection, including H-E-B, Planet Fitness, PNC Bank, Bank of America, T-Mobile, and many others. Additionally, the property is several blocks south of Mission High School, which serves 2,000 students. There are over 160,900 people that live within a five-mile radius and earn an average household income of $80,235. The subject is less than a 15-minute drive from the Mexico Border.
BioMat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.