2% Annual Increases | CHRISTUS Health TX Medical Office302 S Central St
Hallsville, Texas 75650 Type: Medical Office / Hospital Property
for Sale
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
b.blackburn@trinityreis.com
