302 S Central St, Hallsville, Texas 75650

Sale Information

Asking Price: $966,194

Building Size: 5,679 SQ FT

Lot Size: 42689

Cost per Square Foot: $170.13

Cap Rate: 7.75%

NOI: $74,880.00

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 an NNN lease that has over 5 years remaining on the current term.

Built: 1980

Occupancy: 100%

Property Details

Key Points: NNN Lease - 5+ Years Remaining on Current Term Low Price Point Single Tenant Medical Office National Credit Tenant - Christus Health has a Moody's A1 Rating Attractive 2% Annual Rental Increases Throughout Lease Strategic Location - Christus Recently Acquired Good Shepherd Hospital in Longview Location Benefits from Very Strong Referral Basis with Area Hospital Christus Targeted this Office as a Key Location for their Footprint

Broker Information

Trinity Real Estate Investment Services
Branson Blackburn

222 Exchange Ave., Suite 200
Fort Worth, Texas 76164