708 E Corsicana St - Health Care FOR SALE


Athens, TX 75751
$3,290,000 USD
508-272-0585
708 E Corsicana St, Athens, TX for Sale
$3,290,000 USD
Health Care - FOR SALE
1/10
null | 7.6% Cap Rate

708 E Corsicana St
Athens, TX 75751


HIGHLIGHTS

  • ATTRACTIVE RENTAL INCREASES 2% annual rent increases beginning at the start of every lease year
  • LOCATED IN DOWNTOWN ATHENS
  • RECENTLY UPGRADED Fully renovated property limiting a new owner’s exposure to capital repairs during the hold period

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Total Point Urgent Care in Athens, TX. This 3,303 SF asset has been 100% occupied by Total Point Urgent Care since July of 2023 with strong positioning along Rt 175 (E Corsicana Street) adjacent to Athen’s High School in the downtown area of the city servicing all local patrons. The 20-year lease was signed in 2023 with rent commencing on 7/3/2023. Total Point is currently paying $249,900 with 2% annual increases and includes four (4) five (5) year options. This investment offers combines the advantages of zero landlord responsibilities and a stable longterm passive income stream.

FOR SALE DETAILS

PRICE

$3,290,000 USD

PRICE/SF

$996 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

F1

APN/PARCEL ID

3515-0001-0130-01

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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