1018 N Mound St - Medical FOR SALE


Nacogdoches, TX 75961
$7,660,000 USD
925-212-7254
1018 N Mound St, Nacogdoches, TX for Sale
$7,660,000 USD
Medical - FOR SALE
1/28
null | 7% Cap Rate

1018 N Mound St
Nacogdoches, TX 75961


HIGHLIGHTS

  • Hospital Leased Single Tenant Absolute NNN Medical Building
  • 7.4% Average Cap Rate Over the Remaining Initial Term of the Lease
  • Ideal Location Adjacent to the 231 Bed Nacogdoches Memorial Hospital
  • Situated ~0.5 Miles From the Campus of Stephen F. Austin State University (~12K Student Enrollment)
  • Easy Accessibility From Highway 59

OVERVIEW

Marcus & Millichap is pleased to present this hospital leased single tenant absolute NNN medical office building, located at 1018 N Mound Street in Nacogdoches, TX. The subject property is a 22,656 SF outpatient healthcare building, that is 100% leased to Nacogdoches County Hospital District dba Nacogdoches Memorial Hospital. Some of the tenant's uses at the property include: Neurology, a Breast Care Center, Cardiology, Family Medicine & a Lab. This property is ideally located right next door to the tenant’s 231 bed Nacogdoches Memorial Hospital campus. This hospital serves the population in the 12 surrounding counties and it additionally houses East Texas’ only Level III Trauma Center. The tenant is a government entity that can levy property taxes and it is backed by sales and use tax revenues. This building is additionally situated ~0.5 miles from the campus of Stephen F. Austin State University, with its’ ~12K total student enrollment. The subject property offers an investor an ideal 1031 exchange opportunity. The building features very stable hospital tenancy, an attractive 7.4% average cap rate over the remaining initial lease term and absolutely zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$7,660,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

23837

ASK ABOUT THIS PROPERTY

Alex VidalMarcus & MillichapMore Info
925-212-7254

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Alex VidalMarcus & MillichapMore Info
925-212-7254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.