1820 County Road 36 - Medical FOR SALE
Angleton, TX 77515 |
$5,555,556 USD
1820 County Road 36
Angleton, TX 77515
HIGHLIGHTS
- Inflationary Protected Lease – This lease features above market, 2.50% annual rent increases, providing a major cash flow boost
- E-Commerce Resistant Property – Medical offices are extremely sought-after investments for their resistance to downturns in the economy
- Outstanding Reviews – The treatments offered at this facility have succeeded in changing multiple clients lives for the better and have amassed over 1
- 5th Most Populous MSA in U.S. – The Houston MSA boasts both dense demographics as well as one of the world’s largest economies with a 2021 GDP
- Tax-Free State – Texas has zero income tax for real estate investments.
- Extremely Passive NNN Lease – Landlord will benefit from a “hands-off” investment as the tenant takes care of all taxes, insurance
OVERVIEW
Broker of Record
Kyle Matthews
License No. 9005919 (TX)
866-889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End Ave.,
Suite 1500 Nashville, TN 37203
Andrew Fagundo, Rahul Chhajed, & Michael Moreno in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
FOR SALE DETAILS
PRICE
$5,555,556 USD
PRICE/SF
$222 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Serenity Light Recovery
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Assisted Living, Congregate Senior Housing, Skilled Nursing Facility
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1900
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
10.13 AC
LAND SF
441,263 SF
ZONING
None
APN/PARCEL ID
0122-0036-120
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