Healthcare Providers are a Win for Retail Centers
June 12, 2019
Landlords are noticing the benefits of having healthcare providers as tenants. Seeking high quality tenants for a retail location can always be a daunting task. Furthermore, finding tenants that increase property value and provide consistent revenue can be a challenge. With the switch from traditional office space to retail locations, healthcare providers can now give their patients lower medical costs and added convenience while the landlord can enjoy the benefits of having a tenant that brings value to their center.
Retail locations are quickly catching up and now offer more than basic healthcare services such as flu shots, medicine for sore throats and routine exams. Patients can now expect more out of their retail healthcare facility as more locations become equipped to deal with complex healthcare solutions such as chronic disease management, infusion services and pre-operation examinations.
With the rise of e-commerce, retail centers have become aware of the location and logistical benefits their properties offer. Thousands of distribution sites exist as retail chains continue to grow. Major retailer partnerships with big health providers could potentially capture larger markets with minimal investment.
In the San Antonio market, added business may occur for physicians looking to partner with a retail center. Locations such as Braun Park in Norwest San Antonio, the fastest growing area in the Alamo City, offers fantastic visibility along Loop 1604. The center’s 2,800 square foot endcap space is perfect for a medical or physical therapy office and is conveniently located next to Walgreens.
As medical space continues to expand into the retail market, San Antonio landlords and investors will see medical professionals as high value tenants that can keep customers coming back.
Call Investment Realty Company today to find your next medical retail office space: 210.828.9261