Christus Health Medical Office - 2% Annual Increases2010 Bill Owens Pkwy
Longview, Texas 75604 Type: Medical Office / Hospital Property
for Sale
Longview, Texas 75604
Sale Information
Asking Price: $1,663,200
Building Size: 7,137 SQ FT
Lot Size: 57935
Cost per Square Foot: $233.04
Cap Rate: 7.50%
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
