2010 Bill Owens Pkwy, Longview, Texas 75604

Sale Information

Asking Price: $1,782,000

Building Size: 7,137 SQ FT

Lot Size: 57935

Cost per Square Foot: $249.68

Cap Rate: 7.00%

NOI: $124,740.00

Property Overview

Trinity REIS is pleased to present the rare opportunity to acquire an Medical Office Building with Investment Grade Credit that features 2% annual rental increases. Mother Frances Regional Health Care Center is a subsidiary of Christus Health, which features a Moody's A-1 Rating. The signed NNN lease that has over 5 years remaining on the current term.

Built: 2007

Occupancy: 100%

Property Details

Key Points: Medical Office Building - NNN Lease - Longview, TX National Credit Tenant - Christus Health has a Moody's A1 Rating Rental Increases Throughout Lease - Attractive 2% Annual Rental Increases Strategic Location - Christus Recently Acquired Good Shepherd Hospital (3 Miles from Subject Property) 80,000+ Residents within 5 Miles of Property Christus Targeted this Office as a Key Location - Strong Referral Basis High Quality Brick/Stone Construction

Broker Information

Trinity Real Estate Investment Services
Branson Blackburn

b.blackburn@trinityreis.com

www.trinityreis.com/

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