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St Joseph Primary Care Clinic 110 Highway 290 9,423 SF Office Building Brenham, TX 77833 $3,075,000 ($326.33/SF) 6.50% Cap Rate
Investment Highlights
- NNN Lease structure provides passive income to Landlord with little management responsibility.
- Two (2) additional Five (5) year extension options with One and one half percent (1.5%) annual rent escalations.
- CommonSpirit Health is the largest catholic health system in the U.S., with 140 hospitals across 24 states & annual revenues of ~$38 billion.
- One and one half percent (1.5%) annual rent escalations with three (3) years remaining on current term.
- Facility was purpose built as a primary care facility for for St. Joseph Regional Health Center in 2012.
- Brenham’s population grew by over 20% since 2020 and with continual annual growth of 2.9%, signaling an expanding customer base.
Executive Summary
OLDHAM GOODWIN is pleased to present the St. Joseph Health Primary Clinic in Brenham, Texas for your consideration. The NNN lease with CommonSpirit Health, one of the nations largest catholic health system, has three (3) years remaining on their most recently exercised option. The tenant has shown long term commitment to the market and property, offering comprehensive healthcare services to Washington County and the surrounding area since 2012. The clinic benefits from an excellent location on SH-290, with excellent visibility and exposure to over 30,000 cars per day.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,423 SF
Building Class
B
Year Built
2011
Price
$3,075,000
Price Per SF
$326.33
Cap Rate
6.50%
NOI
$199,956
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,423 SF
Building FAR
0.19
Lot Size
1.11 AC
Zoning
M
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- St. Joseph Regional Health
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| St. Joseph Regional Health | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2479-000-00200 | Improvements Assessment | $2,037,630 |
| Land Assessment | $709,050 | Total Assessment | $2,746,680 |
Property Taxes
Parcel Number
2479-000-00200
Land Assessment
$709,050
Improvements Assessment
$2,037,630
Total Assessment
$2,746,680
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St Joseph Primary Care Clinic | 110 Highway 290
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