5502 Medical Parkway Dr - Medical FOR SALE


Texarkana, TX 75503
$2,976,000 USD
646-530-8370
5502 Medical Parkway Dr, Texarkana, TX for Sale
$2,976,000 USD
Medical - FOR SALE
1/5
null | 6.75% Cap Rate

5502 Medical Parkway Dr
Texarkana, TX 75503


HIGHLIGHTS

  • Over 6 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • NN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Central Mall (701,000 SF) | Richmond Ranch Center (385,000 SF) |Texarkana Pavilion (245,000 SF) | Primary Retail Corridor

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, DaVita Dialysis investment property located in Texarkana, Texas. The tenant, DaVita, Inc has over 6 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 15% rental increase at the beginning of the first option and 10% rental increases at the beginning of each remaining option period, growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,976,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

90,953 SF

ZONING

O

APN/PARCEL ID

08310001613

ASK ABOUT THIS PROPERTY

Susan HarrisSRS Real Estate PartnersMore Info
646-530-8370

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Susan HarrisSRS Real Estate PartnersMore Info
646-530-8370

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